A trillion-dollar economy requires a financial system that can recognize risk, tolerate risk, and allocate capital with intelligence.
Bangladesh is not on the verge of collapse, but it remains fragile. During periods of economic uncertainty, central banks must stay above politics. When monetary authority appears negotiable, inflation expectations shift, currency stability drops, and fiscal discipline weakens.
Keeping interest rates artificially low is a recipe for disaster. We have been here before -- not even too long ago -- and we know how this story ends. It won't be pleasant for anyone, least of all the newly-elected government.
