DHAKA, Oct 23, 2023 (BSS) - Bangladesh Bank (BB) has restructured the
monetary policy committee by replacing three deputy governors of its monetary
policy committee with three new economists chosen from outside of the central
bank.

The chairperson of the economics department of Dhaka University, the director
general of Bangladesh Institute of Development Studies and another economist
chosen by the central bank board are the new three members.

The central bank took the decision to restructure the committee in its 430th
meeting held on Sunday.

Before the latest decision of the board of directors, the monetary policy
committee consisted of internal members of the central bank.

Talking to BSS, BB Spokesperson Mezbaul Haque said this change aims to
improve the formulation and execution of an effective monetary policy.