Economic Reporter :
Bangladesh Bank (BB) says the monetary policy for the first half (H1) of fiscal year 2016-17 (FY17) is on right tract to help the government achieve its 7.2 percent growth and keep inflation at it expected level of 5.8 percent.
“Inflation, exchange rate and credit flow to private sector are in a very comfortable zone which indicates that the central bank’s monetary policy targets for H1 are on right direction,” BB chief economist Biru Paksha Paul told The New Nation.
About the inflation, he said the rate of point to point inflation stood at 5.38 percent in November. “The present trend of inflation indicates that the target of keeping the rate of inflation within 5.8 percent in line with the current budget is very much possible,” he added.
Credit growth in private sector is slightly down in October of the current fiscal, he said, adding that the central bank has recorded a 15.20 per cent growth which is very close to the BB’s target of 16.5 percent for FY17.
Bangladesh Bank (BB) says the monetary policy for the first half (H1) of fiscal year 2016-17 (FY17) is on right tract to help the government achieve its 7.2 percent growth and keep inflation at it expected level of 5.8 percent.
“Inflation, exchange rate and credit flow to private sector are in a very comfortable zone which indicates that the central bank’s monetary policy targets for H1 are on right direction,” BB chief economist Biru Paksha Paul told The New Nation.
About the inflation, he said the rate of point to point inflation stood at 5.38 percent in November. “The present trend of inflation indicates that the target of keeping the rate of inflation within 5.8 percent in line with the current budget is very much possible,” he added.
Credit growth in private sector is slightly down in October of the current fiscal, he said, adding that the central bank has recorded a 15.20 per cent growth which is very close to the BB’s target of 16.5 percent for FY17.
