Economic Reporter :
Country’s Gross Domestic Product (GDP) is projected at 7 percent in the current fiscal year as investment is gearing up, said Bangladesh Bank (BB) Governor Dr. Atiur Rahman on Thursday.
He made the projection at concluding program of second batch of Basic Training Course 2015 arranged at Bangladesh Bank Training Academy (BBTA) in the city.
The governor said, ‘Despite different barriers, we were able to bring down the defaulted loan rates to one digit. Provision coverage against defaulted loans has increased to 95 percent. Now, there is no liquidity crisis in the banking sector’.
‘Moreover, call money rate is only 3 to 4 percent’, he added.
‘The rate of capital goods import is increasing. Interest rate spreads decreased to 4.77 percent. This spread is decreasing gradually. Our exchange rate remains stable for a long time.’
‘Inflation is also decreasing. The rapidity is coming in the investment. If investment remains increased, growth must increase. So, our growth rate will be 7 percent this year,’ Dr Atiur opined.
Regarding change in the central bank, the BB governor said that BB and the banking sector has undergone massive changes with the goal of making Bangladesh a middle-income country by 2021 and a developed country by 2041.
Country’s Gross Domestic Product (GDP) is projected at 7 percent in the current fiscal year as investment is gearing up, said Bangladesh Bank (BB) Governor Dr. Atiur Rahman on Thursday.
He made the projection at concluding program of second batch of Basic Training Course 2015 arranged at Bangladesh Bank Training Academy (BBTA) in the city.
The governor said, ‘Despite different barriers, we were able to bring down the defaulted loan rates to one digit. Provision coverage against defaulted loans has increased to 95 percent. Now, there is no liquidity crisis in the banking sector’.
‘Moreover, call money rate is only 3 to 4 percent’, he added.
‘The rate of capital goods import is increasing. Interest rate spreads decreased to 4.77 percent. This spread is decreasing gradually. Our exchange rate remains stable for a long time.’
‘Inflation is also decreasing. The rapidity is coming in the investment. If investment remains increased, growth must increase. So, our growth rate will be 7 percent this year,’ Dr Atiur opined.
Regarding change in the central bank, the BB governor said that BB and the banking sector has undergone massive changes with the goal of making Bangladesh a middle-income country by 2021 and a developed country by 2041.
