BB to maintain cautionary stance in new monetary policy

Bangladesh Bank (BB) will maintain its cautionary stance in the new monetary policy statement (MPS) which will be announced at the end of the current month (July), reports BSS.

“We will not make any major change to the policy while announcing the MPS for the first half of the financial year 2017-18 (FY18),” a senior BB official told the news agency.

Responding to a question about the date of announcement of the MPS, the BB official said, no decision was taken yet in this regard. “But it will be announced at end of this month (July),” he added.

“The date for the MPS announcement will be fixed at a meeting of MPS committee which will be held on Sunday at the BB headquarters,” he added.

Talking to BSS about 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 2017-18 financial year 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.

BB to maintain cautionary stance in new monetary policy

Bangladesh Bank (BB) will maintain its cautionary stance in the new monetary policy statement (MPS) which will be announced at the end of the current month (July), reports BSS. We will not make any major change to the policy while announcing the MPS for the first half of the financial year 2017-18 (FY18), a senior BB official told the news agency. Responding to a question about the date of announcement of the MPS, the BB official said, no decision was taken yet in this regard. But it will be announced at end of this month (July), he added. The date for the MPS announcement will be fixed at a meeting of MPS committee which will be held on Sunday at the BB headquarters, he added. Talking to BSS about 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 2017-18 financial year and the fiscal policy directions. He said BB held meetings with stakeholders including economists to make the policy more effective for the countrys economic development.