The Bangladesh Bank will announce a monetary policy for the second half of the 2018-19 financial year on Jan 30.
Governor Fazle Kabir will unveil the monetary policy statement at a media briefing at 11.30am that day at the central bank’s offices, General Manager GM Abul Kalam Azad told Bangla Tribune.
This will be the first monetary policy declaration after the Awami League-led government assumed office for the third consecutive time. BB officials said major shifts in the policy was unlikely since the same party returned to power.
On Jul 31, 2018, the central bank announced its monetary policy for the first half of the financial year maintaining a growth oriented stance which was also projected in the outgoing fiscal.
It set growth ceilings of the private sector credit growth at 16.8 percent, domestic credit growth at 15.9 percent and broad money at 12 percent respectively while the public sector credit growth is 10.4 percent, adequate to support growth while maintaining price stability.
In the policy, central decided to maintain the policy rates at their current levels with repo and reverse repo rates at 6 and 4.75 percent respectively for balancing the inflation and output risks to improve liquidity conditions and moderate food inflation.