The Financial Express
Swasti Lankabangla Swasti Lankabangla

BB to announce new Monetary Policy Statement Tuesday

BB to announce new Monetary Policy Statement Tuesday

Bangladesh Bank (BB) will announce its Monetary Policy Statement (MPS) for the first half of the financial year 2018-19 (FY19) on Tuesday.

BB Governor Fazle Kabir will unveil the MPS in the morning of July 31, according to a press release.

The MPS is being prepared for maintaining its cautionary stance while special focus is being given on various sectors, including investment, Small and Medium Enterprise (SME), inflation and private sector credit growth, said a senior BB official involved in preparing the MPS.

He said the MPS is being finalised on the basis of the national budget for fiscal 2018-19 and the fiscal policy directions, reports BSS.

The official said BB held meetings with stakeholders, including economists and policymakers, to make the policy more effective for the country’s economic development.

“Different proposals have already come from the stakeholders. We are finalising the MPS after analysing their suggestions,” he added.

On January 29 this year, the central bank unveiled the last MPS for the second half of the fiscal 2017-18.

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