Bangladesh Bank is focusing on accurate reporting of export and non-performing loan (NPL) data following significant corrections. The actual data on exports and non-performing loans (NPLs) will be available from now onwards as the central bank. Errors in export figures, such as duplications and misvaluations, were identified, prompting a new methodology with EPB and NBR for precise reporting. The bank aims to reduce NPLs to 10% at state-run banks and 5% at private banks by 2026. It plans a contractionary monetary policy to tackle inflation, which averaged 9.73% last fiscal year. Discussions involving stakeholders from banking, academia, and business communities underscored these strategic initiatives.
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