Monetary policy to be unveiled today

Kalerkantho Online   

29 January, 2018 09:06 AM

Monetary policy to be unveiled today

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Bangladesh Bank (BB) Governor Fazle Kabir will unveil the Monetary Policy Statement (MPS) for the second half (H2) of the financial year 2017-18 (FY18) today at 2.30 pm at the central bank headquarters in the city.

The governor would also brief journalists about the focus areas of the MPS, said a central bank press release on Sunday. 

A senior official of BB told BSS that the monetary policy has been prepared to give special importance of the next national election as the government's expenditures are likely to increase this year. 

Like earlier, the MPS will also provide importance to various sectors including investment, Small and Medium Enterprise (SME) and idle money in the banking system to help accelerate growth and investment, he added.

On July 26, 2017, the central bank unveiled MPS for the first half of FY18 when Fazle Kabir made it clear that the MPS is growth oriented and stability focused for creating employment opportunities.

In the MPS, the central bank has projected domestic credit growth ceiling at 15.8 percent in FY18 accommodating 16.3 percent credit growth in private sector and 12.1 percent in public sector.

"By balancing the output and inflation risks for the economy over the next one year, the programme will target a monetary growth path aimed at keeping average inflation at around 5.5 percent," the BB governor added.