BB to announce next monetary policy July 27

The central bank will unveil the next monetary policy on July 27 in order to contain inflation and help productive sectors in achieving maximum economic growth, officials said Wednesday.

Bangladesh Bank (BB) Governor Atiur Rahman will announce the half-yearly (July-December) monetary policy statement (MPS) on the day.  

The MPS will aim at gearing up the country's overall economic activities through boosting private investment from both local and foreign sources.

"We want to keep lower inflationary pressure and higher economic growth through employment generation across the country," a BB senior official told the FE while explaining the main objectives of the new MPS.

He also hinted that the private sector credit growth might increase slightly in the next MPS.

The BB earlier fixed the private sector credit growth target at 16.5 per cent for the second half-yearly MPS of the fiscal year (FY) 2013-14.

"We need to expedite investment in different productive sectors for achieving desirable economic growth by the end of this fiscal year," another BB official said.

He also said the central bank is extending its policy supports aiming to bring dynamism in the country's overall economic activities through increasing investment, particularly in the private sector.

"We're also giving emphasis to curbing of inflationary pressure on the economy for achieving sustainable economic growth," he explained.