The Bangladesh Bank will not be making any drastic policy changes ahead of the national election scheduled for January, putting all its focus on tackling the depleting foreign exchange reserves and refraining from printing money to give loans to the government.
If it is not possible to make any policy changes or reforms in the financial sector before the election, then the central bank's main task should be to retain the reserves, he said.
The Bangladesh Bank has given the highest priority to tackling the depleting foreign exchange reserve and not giving loans to the government by printing money as part of its short-term measures ahead of the national election in January.
The Bangladesh Bank is going to take a raft of policy measures to tackle inflationary pressure, volatility in the foreign exchange market and growing non-performing loans (NPLs) and give a much-needed boost to the forex reserve.