|Published : 29 Jan 2017, 17:23:16 | Updated : 29 Jan 2017, 17:32:58||AA-A+|
Monetary policy announced
The monetary policy for the second half of fiscal year 2016-17 (January-June) has been announced today.
Bangladesh Bank Governor Fazle Kabir has announced the monetary policy suggesting the GDP growth target of 7.2% might get surpassed.
The Central Bank governor announced the policy in the conference hall of the bank on Sunday.
According to the monetary policy, the private credit growth and domestic credit growth have been kept unchanged at the rates of 16.5% and 16.4% respectively.
While announcing the policy, the governor said, the inflation rate was also kept unchanged at 5.6% in the policy.
In a bid to guide the implementation of the government’s budget and economic policy, the Central Bank usually announces two monetary policies each year.