DHAKA: Bangladesh’s central bank has announced the country’s monetary policy statement (MPS) for the second half of the current fiscal year 2017-18 (FY18). The key interest rates remain unchanged while private sector credit growth is targeted at 16.8% to gain 7.4% GDP growth with a 5.5% inflation rate equivalent to the rate set by the government. Epo and reverse repo policy interest rates have been left unchanged at 6.75 and 4.75 percent.
Bangladesh Bank Governor Fazle Kabir said: “The new credit growth target will focus on containing the inflationary target while it will also avoid the contraction of domestic credit growth. The new policy will keep giving importance to easing the ongoing pressure of foreign exchange transaction on the economy.
