The central bank targeted to raise the credit growth for the public sector, but put a lid on the private sector credit growth to support investment and growth while managing inflationary pressure. However, the public sector credit growth has increased from 8.6 percent to 10.9 percent for the same period. “The latest policy has been announced to keep pace with the continuous growth and simultaneously to contain inflation,” said Governor Fazle Kabir while announcing the monetary policy on Wednesday. That’s why time has not come yet to relax the monetary policy. " Explaining the causes behind the fall in private sector credit growth, Kabir attributed the Dec 30 parliamentary elections to the decline.

Source: bd News24 January 30, 2019 17:37 UTC