BB to announce new MPS on July 26

Dhaka,  Fri,  28 July 2017
Published : 17 Jul 2017, 19:12:43
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BB to announce new MPS on July 26

Bangladesh Bank (BB) will announce a new Monetary Policy Statement (MPS) for the first half of the current fiscal on July 26.

"BB Governor Fazle Kabir will unveil the MPS for the first half of FY18 in the morning of July 26," BB's chief spokesperson Subhankar Saha told state-owned BSS on Monday. 

The MPS is being prepared maintaining cautionary stance and special focus will be on Small and Medium Enterprise (SME), inflation, private sector credit growth and other sectors, said a senior BB official involved in preparing the MPS.

"We will not make any major change to the policy for the first half of FY18," he added.

BB Deputy Governor Abu Hena Mohd Razee Hassan said the MPS would be finalised on the basis of the national budget for the financial year 2017-18 and the fiscal policy directions. 

He said BB held meetings with stakeholders, including economists, to make the policy more effective for the country's economic development. 

"Different proposals have already come from the stakeholders. We are finalising the MPS after analysing the suggestions," he added. 

On January 29 this year the central bank unveiled the last MPS for the second half of the just concluded financial year 2016-17 (FY17). Like the previous MPS, the last one also focused on attaining higher growth with lower inflation.
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