BB announced new monetary policy statement

Bangladesh Bank (BB) on Thursday announced the second half-yearly new monetary policy statement (MPS) of the 2016-17 fiscal year.

Bangladesh Bank (BB) Governor Dr. Atiur Rahman announced the monetary policy at a press conference in Jahangir Alam conference room of its headquarters.

Atiur Rahman said, if the country’s political situation remains stable it is possible to achieve seven percent target.

The private sector credit growth has been targeted to 14. 8 per cent while Repo and reserve has been reduced by 0.5 percent in the policy.