Prime Minister Moskul emphasizes interest rate reduction as a priority for economic growth
Mostakur Rahman, the recently appointed governor of Bangladesh Bank, stated that rebuilding trust and discipline within the banking sector will be his chief focus as he begins his role.
He mentioned, “Inshallah, my first step will be to hold discussions with everyone at the bank. With cooperation, our primary aim will be to restore confidence in the banking system and instill greater discipline,” he shared with bdnews24.com on February 25.
Rahman recognized the important work done by his predecessor, Dr. Ahsan H. Mansour, in stabilizing the sector, and aims to build upon those efforts.
Additionally, Moskul indicated that reducing interest rates is essential for fostering economic growth. “The economy and the banking sector are currently facing several challenges,” he noted. “Taking on this responsibility now is quite the undertaking.”
He pointed out that there has been a slowdown in credit growth in recent months, emphasizing the necessity of lowering interest rates to encourage economic activity.
“Our priority is to take action first. We don’t want to find ourselves in a situation where we’re just talking without seeing results. Please, pray for us and offer your cooperation,” he added.
Mr. Mostakur Rahman FCMA has been appointed as the Governor of Bangladesh Bank for a four-year term, succeeding Dr. Ahsan H. Mansoor.
The Ministry of Finance’s Financial Institutions Division confirmed his appointment in a gazette published this afternoon.
Besides this role, he is the Managing Director and CEO of Hera Sweaters Limited and currently chairs the BGMEA Standing Committee of Bangladesh Bank.
He also participated as a member of the BNP’s election management committee during the recent national elections earlier this month.
His resume reveals that he is a qualified Cost Management Accountant (CMA) with over 33 years of post-qualification experience, holding a Bachelor of Commerce (Hons) and a Master’s degree from the Faculty of Accountancy at Dhaka University.
Throughout his career, Rahman has been involved with various esteemed professional and industry bodies including the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Dhaka Chamber of Commerce and Industry (DCCI), among others.
He has also collaborated closely with several regulatory authorities like the Bangladesh Bank and the Chittagong Stock Exchange.
Mostakur is a seasoned specialist in financial governance, carrying more than 30 years of leadership experience in corporate finance, export economics, institutional governance, and financial systems management, particularly in areas related to financial supervision and regulatory compliance.
