BB to announce monetary policy on Jan 27

Bangladesh Bank (BB) is set to announce its monetary policy statement (MPS) for the second half (H2) of the current 2013-14 (FY14) financial year on January 27, a BB official said. One of the major focuses of the new MPS would be expansion of the private sector credit, but with a balanced policy approach, economic adviser of the central bank Dr Md Akhtaruzzaman told BSS earlier. He said considering the trend of the economy and the political situation, the central bank is preparing its MPS for January-June 2014 period, which is expected to help increase credit flow to private sector with effective move to accelerate economic growth and maintain inflation, according to a news agency.