• Wednesday, Sep 18, 2019
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Bangladesh Bank to unveil monetary policy on Jan 30

  • Published at 10:16 pm January 24th, 2019
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The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka Tribune

Bangladesh Bank Governor Fazle Kabir will also brief journalists about the key focus areas of the Monetary Policy Statement 

Bangladesh Bank Governor Fazle Kabir will unveil the Monetary Policy Statement (MPS) for the second half (H2) of the current fiscal year (FY2018-19) at 11:30am on January 30, at the central bank headquarters in Dhaka.

The governor will also brief journalists about the key focus areas of the MPS, according to a press release.

A senior central bank official said that ensuring the quality of credit to achieve the maximum economic growth by the end of this fiscal year will get top priority in the MPS, reports BSS.

On July 31, 2018, the central bank announced its MPS for the first half (H1) of FY2018-19, maintaining its growth oriented stance which was also projected in the previous fiscal year.

The MPS set growth ceilings of the private sector credit growth at 16.8%, domestic credit growth at 15.9%, and broad money at 12%, respectively, while the public sector credit growth is set at 10.4%—adequate to support growth while maintaining price stability.

In the MPS, the central bank has decided to maintain the policy rates at their current levels with repo and reverse repo rates at 6% and 4.75%, respectively, to balance inflation and output risks, improve liquidity conditions and moderate inflation of food prices .