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Bangladesh Bank announces cautious monetary policy

bb_15839Bangladesh Bank has announced the monetary policy for the second half of the current fiscal, which the governor has described as cautious and investment-friendly.

The policy for the second half of the 2013-14 fiscal does not appear to be dramatically different from the one for the first half.

Private sector credit flow growth has been kept at the previous rate of 16.5 per cent, while the broad money growth projection remains at 17 per cent.

However, the public sector credit flow growth has been pegged at 22.9 per cent, up from the previous 19.5 per cent.

While announcing the monetary policy, Governor Atiur Rahman said the GDP growth rate would be in the region of six per cent if there are no major debacles in the remaining months of the fiscal. The announced monetary policy aims to contain inflation within seven per cent, according to a news agency.

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Source: Financial Express

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