Bangladesh Bank (BB) Governor Abdur Rouf Talukder on Saturday said that the general point to point inflation in the country is likely ease in next two to three months.
"I hope that the inflation will ease within the next two to three months," he said, reports BSS.
The central bank Governor said this while answering the queries of reporters at the opening ceremony of the two-day Annual Banking Conference, organized by the Bangladesh Institute of Bank Management (BIBM), in the capital's Mirpur area.
Marking the cause of current situation as international in nature he said it is difficult to make adjustments without unintended consequences.
"The current inflation is due to imports. We've to import oil and fertilizer. The price of oil has gone up. We are trying to buy fertilizer through alternate means. The steps that the government and Bangladesh Bank have taken will lead to a better situation," he added.
The central bank Governor responded that the government and Bangladesh Bank's efforts to increase domestic supply and rein in inflation would bear better results in the coming months.
The governor stressed the importance of proper bank management at the event. Banks are not just about making profits, but must also ensure that they are run properly, or else they risk harming the entire sector, he said.
The BIBM organizes the annual conference and several domestic and international banks usually take part in it. In addition to sharing their experiences, they also discuss the global state of the banking sector.
The event could not be held in 2020 and 2021. So, it is the first conference in three years. Bankers from India, Malaysia and Nepal have joined the two-day event.
Bd-pratidin English/Lutful Hoque
