DHAKA: Bangladesh Bank (BB) unveiled its first half-yearly (H2) monetary policy statement (MPS) on Wednesday (July 31) fixing private sector credit growth target at 13.20 per cent till December in 2019.

Central bank Governor Fazle Kabir at a press conference announced the MPS for the July-December period of this fiscal year (FY) 2019-20 at the Jahangir Alam conference room of Bangladesh Bank.

The credit growth target to private sector has been estimated at 13.20 per cent till December in 2019 while as of June 2020, 14.80 percent credit growth target to private sector was estimated.

He said that till December 2019, the credit growth to the public sector has been estimated at 25.20 percent and it has been set at 24.30 percent up to June 2020.

'At the same time, inflation is estimated at 5.50 percent. GDP growth is estimated at 8.20 percent.”

BDST: 1436 HRS, JULY 31, 2019
RS