Newly appointed Governor of Bangladesh Bank, Md. Mostaqur Rahman, has announced that high interest rates will be reviewed to encourage investment and accelerate economic growth.
After assuming office yesterday, Mostaqur met with deputy governors and executive directors and outlined his monetary policy priorities. He said that while macroeconomic stability remains essential, borrowing costs must be reassessed in light of their impact on private sector investment.
“The issue of high interest rates will be reconsidered in terms of increasing investment,” he told officials, indicating that policy adjustments could be made to support business expansion and job creation.
Mostaqur emphasized that growth must be investment-driven and employment-oriented. He said reopening closed factories and commercial establishments would be a priority, but acknowledged that access to affordable financing is critical for such efforts.
At the same time, the governor stressed that any move regarding interest rates would be balanced against the need to control inflation and maintain price stability. Ensuring good governance in the banking sector and strengthening rule-based management will also remain key focus areas, he added.
Mostaqur, who replaced outgoing governor Ahsan H Mansur, brings more than three decades of experience in the financial and industrial sectors. His remarks signal a possible shift in monetary policy direction aimed at easing investment conditions while safeguarding overall economic stability.
Bd-pratidin English/ Jisan
