Dhaka, Bangladesh (BBN) – The central bank of Bangladesh is set to unveil its next Monetary Policy Statement (MPS) on Thursday aiming to achieve maximum economic growth through boosting investment particularly in productive sector.
Bangladesh Bank (BB) Governor Dr. Atiur Rahman will announce the MPS for the January-June period of the ongoing financial year (FY) 2015-16 on the day to achieve sustainable development through strengthening financial inclusion initiatives across the country.
“We need to expedite investment in different productive sectors for achieving desirable growth by the end of this fiscal year,” a senior BB official told BBN in Dhaka.
He also said the central bank is extending its policy supports aiming to bring dynamism in the country’s overall economic activities through improving investment particularly in the private sector.
“We’ll also give emphasis to curb inflationary pressure on the economy for achieving sustainable economic growth,” the central banker explained.
Earlier on July 30 last, the central bank unveiled the MPS for the first half of the FY 16 when Governor Dr Rahman made it clear that the MPS would pursue cautious stance in credit expansion to keep inflation at a comfortable level.
The central bank chief said that pumping in excessive liquidity in absence of proper infrastructure and other ‘well known investment impediments’ would only inflate inflation and worsen social inequity by promoting unproductive activities.
The next MPS would maintain the similar stand, with adopting cautious and restrained monetary stance and ensuring adequacy of credit growth, but avoiding excessive monetary expansion, another BB official hinted.