Fazle Kabir, the outgoing governor of Bangladesh Bank, identified rising inflation, as well as keeping foreign currency reserves and exchange rate at a tolerable level as key challenges for his successor.
"I am leaving three challenges - in the areas of inflation, forex reserve and exchange rate - to the incoming governor that need to be well addressed," he also said.
He made the observation at his farewell, hosted by central bank officials and employees on his last day as the governor.
The central bank has been playing an instrumental role to overcome these challenges, the outgoing governor also said.
"This work needs to continue - whatever the media, economists and think-tanks say in favour of lifting the lending rate capping of 9%."
He noted that after releasing the monetary policy statement (MPS), they (media, economists and think-tanks) were now saying that enhancing the repo rate by 50 basis points to 5.50% would not be fruitful, if the lending rate capping is not withdrawn.
"I don't know their logic of saying it is unfruitful. I think the decision we made was right and logical. I hope it will continue."
Kabir joined as the governor on March 20, 2016, following a sensational foreign reserve heist of $101 million from the central bank's accounts with the Federal Reserve of New York.
Remembering his joining at the Bangladesh Bank, he said he went to the United States to attend a board meeting as the chairman of Sonali Bank, where he got the news of being appointed as the central bank governor.
After returning to Dhaka, journalists asked him about his prime tasks as the governor.
"I told them that restoring the image of Bangladesh Bank and boosting the confidence of its staff members. The gathering here and their love prove that I did it."
Hailing all the central bank officers and employees, the governor said he received intensive cooperation from them in discharging his duties.
Former secretary and wife of Kabir, Mahmuda Sharmeen Benu, Secretary of Financial Institutions Division (FID) Sheikh Mohammad Salim Ullah, and BB deputy governors Ahmed Jamal, Kazi Sayedur Rahman, AKM Sajedur Rahman Khan and Abu Farah Md. Nasser, among others, also spoke on the occasion.