Unb, Dhaka :
Bangladesh Bank will unveil its 2nd half yearly (January-July) monetary policy statement (MPS) of the current fiscal year on Sunday.
There will be a plan in the new policy to continue support towards achieving GDP growth target set by the government and
directives to prioritise productive sectors of the economy, hinted officials at the central bank. The government has set the GDP growth target at 7.2 percent and CPI inflation at 5.8 percent for the fiscal year, 2016-17.
“Actually, most of the policies announced earlier in the first half yearly policy will continue in the coming one,” a BB official dealing with the matter said. The core theme of the upcoming policy is to support the country’s productive sector.
He, however, indicated that there might a cautionary signal for the country’s capital market which now sees a rise in index after a long stagnancy for the last few years.
Officials said manufacturing, especially small and medium industries, and agriculture sectors will get a priority in the new monetary policy. But the utmost importance will be given to the new investment-both from local and foreign-as new investment is badly needed for the country’s growth.
The policy may give some directives for the banking sector to enhance private sector credit, said another BB official.
Central bank governor Fazle Kabir will be present while unveiling the new policy. The BB announced its last monetary policy on July 26 last year.
Bangladesh Bank will unveil its 2nd half yearly (January-July) monetary policy statement (MPS) of the current fiscal year on Sunday.
There will be a plan in the new policy to continue support towards achieving GDP growth target set by the government and
directives to prioritise productive sectors of the economy, hinted officials at the central bank. The government has set the GDP growth target at 7.2 percent and CPI inflation at 5.8 percent for the fiscal year, 2016-17.
“Actually, most of the policies announced earlier in the first half yearly policy will continue in the coming one,” a BB official dealing with the matter said. The core theme of the upcoming policy is to support the country’s productive sector.
He, however, indicated that there might a cautionary signal for the country’s capital market which now sees a rise in index after a long stagnancy for the last few years.
Officials said manufacturing, especially small and medium industries, and agriculture sectors will get a priority in the new monetary policy. But the utmost importance will be given to the new investment-both from local and foreign-as new investment is badly needed for the country’s growth.
The policy may give some directives for the banking sector to enhance private sector credit, said another BB official.
Central bank governor Fazle Kabir will be present while unveiling the new policy. The BB announced its last monetary policy on July 26 last year.
