Bangladesh Bank acts cautious in unveiling new monetary policy
30 June 2022, 08:27 pm | Updated: 01 December 2024, 11:02 am
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Bangladesh Bank on Thursday unveiled a new monetary policy setting private credit growth at 13.1 per cent for FY2022-23, down from 14.8 per cent in the previous fiscal year.
Outgoing central bank governor Fazle Kabir took a cautious stance in the policy aimed at tightening measures to control growing inflation, reports UNB.
The policy FY 2022-23 was announced in a press conference at Jahangir Alam conference hall.
The BB also raises policy repo rate to 5.5 per cent to curb currency flow and making credit for banks costlier.
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