Dhaka, Banglaesh || Wednesday, 23 October 2019 || 8 Kartik 1426
Headline: ■ BCB boss smells 'conspiracy' in players’ strike ■ EU sick of Brexit, but likely to grant an extension ■ Public gathering banned in Bhola after clashes ■ 4 killed in police-villagers clash in Bhola ■ Omar Faruk expelled from Jubo League ■ Football is more popular than cricket in Bangladesh ■ Ctg-Chennai-Europe shipping route opens in Nov ■ Mexico flies 300 Indian migrants to New Delhi ■ DSCC councillor Sayed removed from his post ■ 2 cases against Indian fisherman for illegal entry ■ 2 Rohingyas among 4 killed in ‘gunfights’ ■ AL affiliated bodies to see massive leadership change
BB unveils the monetary policy
Deshsangbad Desk
Published : Wednesday, 31 July, 2019 at 3:01 PM, Update: 01.08.2019 4:02:49 PM

Bangladesh Bank (BB) Governor Fazle Kabir unveiled the monetary policy statement (MPS) for the first half of FY20 at a press conference held at its headquarters in Dhaka on Wednesday.

The Bangladesh Bank (BB) has set the targets of credit growth in public and private sectors at 24.3% and 14.8% respectively.

The governor said the BB has decided to enforce one monetary program every financial year, effective from the current fiscal, instead of twice every fiscal.

Governor Fazle Kabir further said the new monetary policy statement is accommodative in order to facilitate the government's 8.2% GDP growth target.

Traditionally, the Bangladesh Bank has long been in practice to announce two MPS -- one in January and another in July -- every fiscal year.

In the last policy statement, the private credit growth target was 16.5% while the target for the public sector was 20% till June this year.


Latest News
Also >>
Most Read
We're in Facebook
Editor & Publisher
M. Hossain
Advisory Editor
Brig. Gen. Abdur Sabur Mia (Rtd.)

Tel : +88 02 48311101-2
Cell : +88 01713 601729, +88 01842 601729
Emai : [email protected]
Developed & Maintenance by i2soft