Dhaka, Bangladesh (BBN) – The central bank of Bangladesh is set to unveil its first half-yearly monetary policy on Tuesday aiming to achieve maximum economic growth through boosting investment particularly in productive sectors.
Bangladesh Bank (BB) Governor Fazle Kabir will announce the monetary policy statement (MPS) at 11 am on the day for the July-December period of the fiscal year (FY) 2016-17 to help real sectors for achieving sustainable economic growth with curbing inflation.
“We’ve formulated the growth supportive MPS giving top priority to facilitate investment through increasing credit flow particularly in the productive sectors,” a BB senior official explained.
He also said the BB is now working to bring down the inflation at 5.8 per cent on 12-month average basis by the end of the FY 17 from the existing level.
“It may difficult to on achieve the inflation target if the rising trend credit particularly in the private sector continues,” he observed.
The private sector credit growth rose to 16.40 per cent in May, 2016 on a year-on-year basis from 15. 56 per cent in April last. It was 15.16 per cent in March.