BB to announce new MPS Tuesday

Bangladesh Bank (BB) will announce its Monetary Policy Statement (MPS) for the first half of the financial year 2018-19 (FY19) Tuesday at the central bank headquarters in the city, reports BSS.

BB governor Fazle Kabir will unveil the MPS in the morning on Tuesday, a press release said here on Monday.

Earlier, a senior BB official, involved in preparing the MPS, said the MPS is preparing for maintaining its cautionary stance while special focus is being given on various sectors, including investment, Small and Medium Enterprise (SME), inflation and private sector credit growth.

He said the MPS is being finalised on the basis of the national budget for fiscal 2018-19 and the fiscal policy directions.

The official said BB held meetings with stakeholders, including economists and policymakers, 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 their suggestions,” he added.

On January 29 this year, the central bank unveiled the last MPS for thesecond half of the fiscal 2017-18.