Bangladesh Bank has announced the monetary policy for the first half of the financial year 2024-25. The policy interest rate has been kept unchanged at 8.50 percent, SDF rate at 7 percent and SLF rate at 10 percent.
The monetary policy was announced on the website of Bangladesh Bank today Thursday.
Bangladesh Bank will refrain from printing new money for government expenditure.
However, the monetary policy states that Bangladesh Bank is ready to take necessary policy measures.
The central bank has reduced the private sector credit growth target from 10 percent to 9.80 percent to combat inflation.
On the other hand, Bangladesh Bank has announced this monetary policy for the first half of the financial year 2024-25. The monetary policy was announced on the central bank’s website this Thursday (July 18) afternoon.
In May of the last financial year, the credit growth in the private sector was 10.35 percent. But the target for the entire fiscal year 2023-24 was 10 percent.
However, the actual growth till June of the last financial year stood at 9.80 percent.
According to the Monetary Policy Statement, the estimated growth in public sector credit will be 14.20 percent.
