October 23, 2023
DHAKA – Bangladesh Bank plans to replace three deputy governors of its monetary policy committee with three new economists chosen from the outside of the central bank.
The chairperson of the economics department of Dhaka University, the director general of the Bangladesh Institute of Development Studies and another economist chosen by the central bank board will be the new three members.
The existing nine-member monetary policy committee of the banking watchdog includes Bangladesh Bank governor as the chief and the rest eight are four deputy governors, BB chief economist, the head of the Bangladesh Financial Intelligence Unit and the executive director of BB’s monetary policy department.
Moreover, the banking regulator also plans to reduce the size of the committee.
The Bangladesh Bank board took the decisions to restructure the committee in its 430th meeting held today.