Bangladesh economy will soon return to old track: Finance minister

He said this after the meetings of the Cabinet Committee on Economic Affairs (CCEA) and the Cabinet Committee on Government Procurement (CCGP).

The price of the US dollar in the country will come down soon as well, he said.

Inflation in the country has increased as many products are bought from European countries, where inflation is high, he was quoted as saying by Bangladeshi media reports.

Kamal said there is no scope to raise interest rates in the country. "That is why inflation is controlled through different types of management. Various initiatives have been taken to control imports including increasing duty, and the LC [letter of credit] margin," he added.

Fibre2Fashion News Desk (DS)