BB to support reopening of closed factories with policy incentives: Governor

The Governor of Bangladesh Bank, Md Mostakur Rahman, has announced that the central bank will provide policy support and incentives to help reopen closed industrial factories across the country.

The announcement was made at an emergency press conference today, shortly after the governor officially assumed office earlier in the day.

Bangladesh Bank spokesperson Arif Hossain Khan briefed the media on the governor's directives following a high-level meeting with senior officials.

Focus on reviving industry and employment

According to the spokesperson, the governor emphasised active cooperation in initiatives aimed at restarting factories that have shut down over the past year and a half. He pledged necessary policy assistance to make the economy more growth and employment-oriented.

He expressed optimism that such measures would help boost production and create jobs.

The governor also praised the previous interim government's efforts to maintain macroeconomic stability and said he would build on that foundation to restore economic momentum.

Inflation control and interest rate review

The governor identified inflation control and maintaining stable prices within the purchasing power of ordinary citizens as key priorities.

He also noted that high interest rates, which have been creating barriers to investment, would be reviewed and necessary steps taken accordingly.