Bangladesh Bank today announced the Monetary Policy for the second half of the current fiscal year with a target of 3.2 percentage point increase in private sector credit to achieve higher GDP growth and contain inflation. Bangladesh Bank Governor Fazle Kabir announced the Monetary Policy this morning at the central bank head office.
According to the monetary policy statement, the private sector credit by June has been set at 16.5 per cent while the actual growth in December 2018 was 13.3 per cent.
In the first half of the current fiscal year, the private sector credit growth fell by 3.6 percentage point when compared to that in June last year. In June 2018 the private sector credit growth was 16.9 per cent.
The policy statement said, the credit growth has been set to support investment and growth while managing inflationary pressure.
The private sector credit growth selling is sufficient to accommodate attainment of GDP growth of 7.8 per cent and inflation projection 5.6 per cent, it added.