There have been planned robberies in the country’s financial sector, which have caused huge losses to banks. Also, the governor of Bangladesh Bank said that it has had a serious impact on the capital market and the wider economy. Ahsan H. Mansoor.

H. Mansoor said that Bangladesh will announce the decision to increase the interest rate from 8.5 to 9 percent within a day or two and to control inflation, the interest rate will be increased by 10 percent or more in the next month.

However, the International Monetary Fund (IMF) advised Bangladesh to tighten monetary policy and keep the exchange rate flexible while lending assistance to Bangladesh. In this regard, he said, Bangladesh has asked for an additional 1.5 billion dollars from the World Bank and 1 billion dollars from the Asian Development Bank and the Japan International Cooperation Agency to speed up the country’s economy.

Cleaning up the country’s banking sector is his highest priority. Ahsan H Mansoor said that there was a planned robbery in the financial system during the previous government which caused significant losses to all the banks in the country and also had a serious impact on the capital market.

Source: BBC