'We Have Reduced Inflation Somewhat, Trying to Bring It Down Further': Governor

Bangladesh Bank Governor Md Mostakur Rahman has said inflation has been reduced somewhat, adding that efforts will continue to bring it down further in the future. He made the remarks on Saturday (14 November) at the Fifth Bangladesh Economic Summit at Hotel Sonargaon in the capital.

'When we took office, many indicators of the economy were negative. Added to that were the problems of the banking sector. One-third of the money has been stolen from this sector,' the Governor said.

He said 70 to 80 percent of bank loans in the country are now corporate loans. To change this structure, the central bank wants to set a target from next year.

Under that target, 20 percent of bank loans will go to the retail or individual level, 35 percent will go to the SME sector, and corporate loans will be limited to 45 percent.

'We want corporate financing to come from the capital market. And banks must be careful when giving loans,' the Governor said.