Bangladesh Monetary policy

Bangladesh Bank Governor Fazle Kabir flanked by BB high officials speaks while unveiling Monetary Policy Statement (MPS) for the July-December period of the FY 2018-19 at a press conference held at the BB headquarters in Dhaka on July 31. Photo: BBN

Dhaka, Bangladesh (BBN)– The central bank has unveiled a growth-supportive and restrained monetary policy for the first-half (H1) of the current fiscal year (FY) to cope with challenges ahead of the general election.

“The monetary policy will be restrained like previous one to facilitate economic growth with curbing inflation,” Bangladesh Bank (BB) Governor Fazle Kabir said.

The BB governor was making the statement while formally announcing the monetary policy statement (MPS) for the July-December period of the FY 2018-19 at a press conference held at the central bank headquarters in Dhaka on Tuesday.

Policy rates including CRR (Cash reserve requirement) and Repo are remained unchanged for the H1 of the FY 19.

To ensure quality of credit, the central bank chief laid emphasis on further intensified monitoring and supervision from other government agencies like National Board of Revenue (NBR) and Ministry of Commerce.

“We’ve already strengthened our monitoring and supervision to ensure credit flow to the productive and employment generating areas,” the governor explained.

BBN/SSR/AD