Monetary policy by month-end

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Badrul Ahsan :
The Bangladesh Bank is set to announce new monetary policy (MPS) for the July-December period of 2017-18 fiscal year by the end of this month after going though proposals made by stakeholders, sources said.
At present the Central Bank is holding meetings with stakeholders and economists to make the policy more effective and vibrant for the country’s future economic development.
BB recently organised a view-exchange programme ahead of the announcement in a city hotel where former Finance Adviser to the
Caretaker Government AB Mirza Azizul Islam, former BB governor Saleh Uddin Ahmed, Executive Director of Policy Research Institute (PRI) Ahsan H Mansur and former BB Deputy Governor Khandaker Ibrahim Khaled, among others, were present.
Monetary policy plays vital role in controlling the supply of money to ensure price stability and general trust in the currency.
Bangladesh Bank Governor Fazle Kabir will announce the MPS.
 “We are going to announce MPS for the first half of the current fiscal year at the end of this month,” a Senior Executive of the Central Bank told The New Nation on Wednesday.
 “Different proposals have already been made by the stakeholders. We will finalise the statement after analysing the suggestions,” the official added.
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