BB to unveil monetary policy next week

Sun Online Desk

17th July, 2016 07:48:56 printer

BB to unveil monetary policy next week

Bangladesh Bank (BB) will unveil the monetary policy statement (MPS) for the first half of the current 2016-17 financial year (FY17) next week.


"We are finalising the MPS, which will be unveiled later this month," BB Chief Economist Biru Paksha Paul told state-run BSS news agency today.


He said like previous ones, the next MPS would be finalised in line with the national budget while it would have major focus on areas including credit, GDP (gross domestic product), inflation and exchange rate.


The central bank on January 14 this year unveiled the MPS for the second half of the past 2015-16 (FY16) financial year focusing on higher growth with lower inflation.


In the last MPS, BB projected GDP growth rate at 6.8 to 6.9 percent and inflation at 6.2 percent for FY16, ending in June 30.