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Technical Committee on Monetary Policy

parliamentary_committee · partial (verified 2026-05-17)

Profile

Head
Md. Habibur Rahman
Role
Deputy Governor (supervising MPD, CEU, Research and Statistics Departments)
Annual budget
—
Staff
—
Established
2023
Legal basis
Bangladesh Bank Order, 1972 (President's Order No. 127 of 1972), which mandates BB to formulate and implement monetary policy; operational framework established under BB Board resolutions governing the Monetary Policy Department and MPC working procedures, including the 430th Board Meeting (October 22-23, 2023) that restructured the MPC and formalised the advisory preparation process

Technical analysis supporting continued contractionary stance (policy rate 10%, SLF 11.5%, SDF 7.5%); inflation tracking 8-9% range against sub-7% target; next MPS due July 2026 (H1 FY27); MPC one seat vacant after Sadiq Ahmed's March 2026 resignation.

Recent activity

Provenance & notes

No public document uses the exact label 'Technical Committee on Monetary Policy'; BB publicly names this function as the 'Monetary Policy Statement Team' in the MPS itself, and the MPD page describes the same body as the unit that 'arranges MPC meetings and prepares working papers and presentations.' The H1 FY26 MPS (July-December 2025) names Dr. Ahsan H. Mansur as Chief Advisor, the four Deputy Governors (Nurun Nahar, Md. Habibur Rahman, Md. Zakir Hossain Chowdhury, Md. Kabir Ahmed) as Policy Advisors, and Dr. Md. Ezazul Islam (Executive Director Grade-1) as Lead Author; analytical contributors are drawn from MPD, CEU, Statistics, Research, and 15 cross-departmental wings. The MPC itself was reformed at BB's 430th Board Meeting (October 22-23, 2023) as an IMF-supported measure, expanding from an all-internal body to a seven-member committee with three external economists; this is treated as the established_year for the formalised technical preparation process. Current_head is Md. Habibur Rahman (Deputy Governor since February 2024) who supervises MPD, CEU, Research, and Statistics -- the four analytical units that constitute the technical committee function; his exact appointment date is reported as February 2024 so head_since uses 2024-02-01 as a conservative estimate pending official confirmation. The MPC is currently six-member (one vacancy post Sadiq Ahmed resignation, March 4, 2026). Verification_status is 'partial' because (a) 'Technical Committee on Monetary Policy' is a descriptive label applied to this entity, not a publicly named standalone committee, and (b) Habibur Rahman's exact appointment date is approximate.

Sources