Bangladesh Bank (BB) will unveil its monetary policy for the second-half (H2) of FY2018-19 at the end of this month. Bangladesh Bank Governor Fazle Kabir will announce the monetary policy statement (MPS) for January-June of the current fiscal year. BB officials said they have already held preparatory meetings concerning the monetary policy and formulated a growth-supportive monetary policy, giving top priority to investment through increasing credit flow. He said the main problem is that monetary policy is not implemented fully, adding that the monetary policy for July-December of this fiscal year was not properly implemented. Former governor of Bangladesh Bank, Salehuddin Ahmed, said although public sector credit growth is increasing, private sector credit growth is not going to grow sufficiently.

Source: Dhaka Tribune January 21, 2019 15:45 UTC