New monetary policy for FY15 announced | 2015-01-29

New monetary policy for FY15 announced

Sun Online Desk

29th January, 2015 05:36:27 printer

New monetary policy for FY15 announced

Bangladesh Bank has announced the monetary policy for the rest six months of the current 2014-15 financial year (FY15).
Private sector credit will have space for 15.5 percent growth, a substancially higher level than that of the 12.7 percent November 2014 level.
BB governor Atiur Rahman said this while unveiling the new monetary policy today (Thursday) at a press conference in Dhaka.
The policy will continue from January-June 2015. BOP current account balance has turned around from surplus to deficit.
Despite some upside risks, inflation will be kept under control to reach the target of 6.5 percent by June 2015. The economy is poised to achieve a respectable growth rate between 6.5 and 6.8 percent in the fiscal year 2015 if political stability prevails.