BB unveils ‘cautionary’ monetary policy

Economic Correspondent: Bangladesh Bank (BB) has unveiled a ‘cautionary’ monetary policy for the first half of the fiscal year 2015-16.

BB governor Dr Atiur Rahman announced the monetary policy statement (MPS) for the July-December period at a press conference at the central bank headquarters in the capital at 11am on Thursday.

Private sector credit will have space for 15 percent growth while 23.7 percent in public sector, Atiur Rahman said during unveiling the new monetary policy.

The new monetary policy is more flexible and invest friendly.

Deputy governors, advisers and other top officials of the central bank were present in the monetary policy unveiling programme.

risingbd/DHAKA/July 30, 2015/Niaz/Augustin Sujan