The Bangladesh Bank has set the targets of credit growth in public and private sectors at 24.3 percent and 14.8 percent respectively.
Governor Fazle Kabir unveiled the monetary policy statement (MPS) for FY20 during a media call on Wednesday (Jul 31).
He said the central bank has decided to enforce one monetary programme every financial year, effective from the current fiscal, instead of twice every fiscal.
The governor further said the new monetary policy statement is accommodative in order to facilitate the government's 8.2 percent GDP growth target.
Traditionally, the Bangladesh Bank has long been in practice to announce two monetary policies — one in January and another in July — every fiscal year.
In the last policy statement, the private credit growth target was 16.5 percent while the target for the public sector was 20 percent till June this year.