Bangladesh Bank Headquarters

Dhaka, Bangladesh (BBN)– The central bank of Bangladesh is set to start preparations to formulate upcoming monetary policy, giving top priority to achieve maximum economic growth with keeping the inflation under control.

The first preparatory meeting on the monetary policy statement (MPS) will be held at Bangladesh Bank (BB) headquarters in the capital on Monday with BB Governor Fazle Kabir in the chair.

All general managers (GMs) and senior officials are invited to attend the preparatory meeting, a BB senior official told the BBN in Dhaka.

The MPS is likely to be announced in the last week of this month, he hinted.

The meeting is expected to review the country’s overall economic situation and suggested that the next MPS for the first half of the current fiscal year (H1) should be ‘growth-supportive’, with keeping inflation at reasonable level.

In the next MPS, the BB will give emphasis on boosting SMEs and agriculture loans along with micro-credit to create employment opportunities across the country, according to the central banker.

He also said the latest situation of capital market along with both foreign exchange and money markets will be considered in the next MPS.

BBN/SSR/AD