The Bangladesh Bank will announce today the new monetary policy for the first six months of the current fiscal year aiming at continuing the existing measures to control inflation and squeeze banks' credit flow.
The new policy will also stress continuation of existing measures to control loans and discourage investment in unproductive sectors, said BB officials.
The BB announces the monetary policy every six month, and so the next policy will be effective from July to December this year.
BB's governor Atiur Rahman will announce the policy in a press briefing at BB conference room at 2.30 pm.
'The main challenge for the new monetary policy is to take strong measures to control inflation which has crossed double digit in the last few months, and tackle the liquidity crisis,' said a senior BB official.
Inflation is rising as credit from the domestic banking system continues increasing sharply, both in the public and private sectors, with attendant steep decline in growth of net foreign assets, he said.
Source : New Age
