BB unveils monetary policy for FY20
Bangladesh Bank (BB) on Wednesday unveiled its monetary policy statement (MPS) for the financial year 2019-20 (FY20) aiming to fix the growth of both public and private sectors' credit.
The central bank’s Governor Fazle Kabir formally unveiled the policy system at the central bank headquarters where private sector’s credit has been estimated at 14.80 per cent till June 2020.
Public sector for the whole financial year was estimated at 24.30 per cent up to 2020 where inflation for the tenure was estimated at 5.50 per cent.
This year’s monetary policy was unveiled for the entire fiscal instead of half yearly. But the BB targeted private sector credit growth till December at 13.20 per cent and public sector at 25.20 per cent.