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Bangladesh Bank to unveil monetary policy for H2 on Wednesday

  • Published at 01:53 am January 30th, 2019
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The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka Tribune

Governor of the central bank Fazle Kabir will formally unveil the monetary policy during a press briefing at 11.30 am

Bangladesh Bank (BB) will unveil the Monetary Policy Statement (MPS) for the second half (H2) of the current fiscal year (2018-19) at its headquarters in the capital.

Governor of the central bank Fazle Kabir will formally unveil the monetary policy during a press briefing at 11.30 am, reports BSS.

The governor will also brief journalists about the key focus areas of the MPS.

A senior official of the central bank said ensuring the quality of credit to achieve the maximum economic growth by the end of this fiscal gets top priority in the MPS.

On July 31, 2018, Bangladesh Bank announced its MPS for the first half (H1) of 2018-19FY maintaining its growth oriented stance, which was also projected in the outgoing fiscal.

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 10.4%.

In the MPS, the BB decided to maintain the policy rates at their current levels with repo and reverse repo rates at 6 and 4.75% respectively for balancing the inflation and output risks to improve liquidity conditions and moderate food inflation.