Central Bank Refutes Appointment Rumours

The Bangladesh Bank has firmly rejected circulating media reports claiming that a managing director from a leading private commercial bank is set to be appointed as a Deputy Governor. The central bank described the claims as entirely unfounded, stressing that no such decision has been taken.

In an official statement issued on Thursday, Arif Hossain Khan, who serves as both Spokesperson and Executive Director, clarified that the reports lack any factual basis. He emphasised that the institution has neither initiated nor approved any appointment process for the position in question.

Khan warned that the dissemination of inaccurate and speculative information could have serious consequences. “Such false and misleading reports create misconceptions among the general public and may adversely affect the stability of the financial sector,” he said. He further urged media organisations to exercise greater diligence and verify sensitive information with authoritative sources before publication.

Senior financial analysts echoed these concerns, noting that appointments to high-ranking positions such as Deputy Governor are subject to rigorous procedures, including internal evaluations and government approval where necessary. Any premature or incorrect reporting, they argued, risks unsettling both investors and depositors, particularly in a financial environment that depends heavily on trust and transparency.

The central bank’s swift response highlights growing anxiety over the rapid spread of misinformation, especially across digital platforms and social media channels. In recent years, unverified reports have occasionally triggered short-term volatility in financial markets, underscoring the need for accurate and responsible journalism.

Below is a summary of the key aspects of the issue:

Key AspectDetails
InstitutionBangladesh Bank
Reported ClaimAlleged appointment of a private bank MD as Deputy Governor
Official PositionCategorically denied
SpokespersonArif Hossain Khan
Concern RaisedRisk of misinformation impacting financial stability
AdvisoryMedia urged to verify before publishing

Experts also pointed out that regulatory credibility plays a pivotal role in maintaining economic stability. Any erosion of public confidence—whether due to misinformation or miscommunication—can have ripple effects across the banking system, including liquidity pressures and reduced investor sentiment.

In reiterating its position, Bangladesh Bank affirmed its commitment to transparency and responsible governance. Authorities have called on all stakeholders, particularly media professionals, to uphold high standards of accuracy to safeguard the integrity and stability of the country’s financial sector.