Bangladesh Bank to back initiatives to revive closed factories

By maintaining stability, the bank governor will focus on growth and employment generation, he told a press conference.

High interest rates are a major obstacle for businesses, because of which the governor will work on ways to reduce the lending rate, Khan was cited as saying by domestic media reports.

The new governor has been appointed for a four-year term after the government cancelled the remaining tenure of the last governor Ahsan H Mansur.

Fibre2Fashion News Desk (DS)