Inflation, rates in Bangladesh to come down gradually, new central bank chief says

Bangladesh's new central bank chief, Ahsan H. Mansur, expects inflation to decrease significantly in the next year, but reducing interest rates may take longer due to short-term macroeconomic challenges. The country faces issues from mismanagement of exchange rates and interest rates in recent years. To address inflation, the central bank will focus on demand control and supply side measures, including widening the inter-bank currency trading band. The interim government's planned reforms have received approval from multilateral agencies.