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BB to announce new MPS on July 26

DHAKA, July 17, 2017 (BSS) - Bangladesh Bank (BB) will announce its Monetary Policy Statement (MPS) for the first half of the financial year 2017-18 (FY18) on July 26.

"BB Governor Fazle Kabir will unveil the MPS for the first half of FY18 in the morning of July 26," BB's chief spokesperson Subhankar Saha told BSS here today.

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

"We will not make any major change to the policy for the first half of FY18," he added.

Talking to BSS about the preparation of the MPS, BB Deputy Governor Abu Hena Mohd Razee Hassan said the MPS would be finalised on the basis of the national budget for the financial year 2017-18 and the fiscal policy directions.

He said BB held meetings with stakeholders, including economists, to make the policy more effective for the country's economic development.

"Different proposals have already come from the stakeholders. We are finalizing the MPS after analysing the suggestions," he added.

On January 29 this year the central bank unveiled the last MPS for the second half of the just concluded financial year 2016-17 (FY17). Like the previous MPS, the last one also focused on attaining higher growth with lower inflation.