• Sunday, Dec 06, 2020
  • Last Update : 02:57 am

Central bank to unveil monetary policy on Monday

  • Published at 08:38 pm January 28th, 2018
  • Last updated at 08:41 pm January 28th, 2018
Central bank to unveil monetary policy on Monday
Bangladesh Bank will announce its second half-year (January-June) monetary policy of the current fiscal year, 2017-18, on Monday. Central bank governor Fazle Kabir will unveil the monetary policy statement (MPS) at a press conference at Bangladesh Bank. Official sources at the central bank said the new policy will emphasise on continuation of the current policy to support the targeted GDP growth at 7.4% by quality credit to encourage investment in productive sector.
Also Read- New monetary policy to be contractionary, ‘growth-friendly’
"The new MPS will mainly focus on ensuring quality credit," said a top official at Bangladesh Bank. The official mentioned that such emphasis on quality credit is being given because of huge bad loans in the banking sector. Many economists in the country are critical of the current situation in banking sector against the backdrop of huge non-performing loans as well as bad loan disbursed by some banks. Centre for Policy Dialogue (CPD), a think-tank, termed 2017 as a year of banking scam. However, officials hinted that the central bank will not allow any expansionary policy in the coming months as general election is approaching and will take place sometimes at the end of the current calendar year 2018. The central bank will try to cautiously handle the situation so that spending by candidates in the coming parliamentary election will push up inflation, said an official, requesting anonymity.
50
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail