BB cancels contract of chief economist

Bangladesh Bank has cancelled the remaining tenure of its chief economist, Mohammad Akhtar Hossain.

The Human Resources Department-1 of Bangladesh Bank said in a notification yesterday that the remaining period of Akhtar’s contractual appointment as chief economist has been cancelled with effect from September 10, 2026.

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Akhtar was appointed chief economist of Bangladesh Bank on a two-year contractual basis on July 1 last year. His tenure was therefore scheduled to run until June 30, 2027, leaving around 10 months of his contract remaining.

As chief economist, Akhtar provided policy advice to the central bank’s governor and board of directors on macroeconomic issues, monetary policy, and the stability of the banking sector.

The chief economist’s position is considered important in Bangladesh Bank’s economic policymaking, particularly in analysing macroeconomic developments and formulating monetary and financial-sector policies.

The central bank’s notification did not specify any reason for cancelling his contract before its scheduled expiry.