Inflation will not take an eternity to reduce; rather, it will decrease within a reasonable timeframe, according to economic advisor Salehuddin Ahmed. He also mentioned that inflation has already decreased somewhat.
The economic advisor made these remarks to reporters after a review meeting on inflation and food supply conditions at the Secretariat today, Wednesday.
The meeting was attended by the new Governor of the Bangladesh Bank, Ahsan H. Mansur, Finance Secretary Md. Khairuzzaman Mozumder, Commerce Secretary Md. Selim Uddin, Chairman of the Bangladesh Trade and Tariff Commission Ahmed Munirul Saleheen, Industries Secretary Zakia Sultana, Food Secretary Ismail Hossain, and two Deputy Governors of the Bangladesh Bank, Habibur Rahman and Nurun Nahar.
Advisor Salehuddin Ahmed stated that the supply system will be addressed; monetary and fiscal policies will be coordinated. He added that everything will be transparent, unlike before when things were kept secret. However, measures will be taken to prevent the misuse of funds and to ensure their proper utilization.
He also called on everyone present at the meeting to speak freely without fear. He emphasized that there is no need for flattery or to say that the advisor is a good person.
New Governor of the Bangladesh Bank, Ahsan H. Mansur, said that inflation is expected to fall to acceptable levels within the next five to six months. He noted that the reserve crisis will not resolve overnight and that it must be addressed carefully. He mentioned that an assessment is underway regarding how much dollar allocation can be made for imports. Additionally, discussions will be held with development partners.
In response to a question about the formation of a banking commission, the new governor stated that this issue was not discussed at today’s meeting.
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