• Tuesday, Nov 13, 2018
  • Last Update : 01:44 am

Central bank to unveil H1 monetary policy Tuesday

  • Published at 09:57 pm July 30th, 2018
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Dhaka Tribune

'This time containing inflation will be the biggest priority for the economy’s custodians, alongside continued efforts for attracting investment'

Bangladesh Bank will unveil its monetary policy statement for the first half (H1) of the 2018-19 fiscal, covering the period from July to December 2018, on Tuesday.

Central bank governor Fazle Kabir will announce the monetary policy statement (MPS) at a press conference at Bangladesh Bank, reports UNB.

According to sources at the central bank, the MPS is likely to continue the cautionary monetary policy geared towards arresting any significant uptick in the rate of inflation, that has been the norm over the course of the current governor’s tenure, and even earlier.

The imperative to keep prices under control is even greater this time, against the backdrop of the upcoming general election in December or January.

“This time containing inflation will be the biggest priority for the economy’s custodians, alongside continued efforts for attracting investment, “ a senior official at Bangladesh Bank said, on condition of anonymity. The central bank has adopted the current “cautionary” policy to support the targeted GDP growth by ensuring quality credit for the manufacturing sector.