BB unveils new monetary policy

Economic Correspondent: Bangladesh Bank (BB) has announced its flagship monetary policy statement (MPS) for the first half of the current 2019-20 financial year (FY20).

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

According to the new policy, BB has set the targets of credit growth in public and private sectors at 24.3% and 14.8% respectively.

In the last policy statement, the private credit growth target was 16.5% while the target for the public sector was 10.8%.

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

risingbd/Dhaka/July 31, 2019/Nasir/Mukul