Monetary Policy for H1 to be announced tomorrow

Farm loan policy on Thursday

Bangladesh Bank (BB) will unveil two key policy statements this week. The Monetary Policy Statement (MPS) for the first half of the fiscal year will be launched tomorrow (Tuesday) and the farm loan policy will be announced on Thursday, reports BSS.
Governor Fazle Kabir will announce the MPS for the first half of the current 2016-17 financial year (FY17) on Tuesday, July 26 at 11 am at the central bank headquarters in the city.
The governor will also brief journalists the outcome of the current MPS in managing inflations, driving inflow of private sector credit and propelling economic growth.
BB Chief Economist Biru Paksha Paul told BSS that like previous ones the new MPS had been prepared in line with the national budget, and it would have major focus on areas including credit, GDP (gross domestic product), inflation and exchange rate.
The central bank on January 14 this year unveiled the MPS for the second half of the past 2015-16 (FY16) financial year focusing on higher growth with lower inflation. In the last MPS, BB projected GDP growth rate at 6.8 to 6.9 per cent and inflation at 6.2 per cent for FY16, ending in June 30.
BB governor will roll out the annual agriculture and rural credit policy on July 28, Thursday, setting a target of disbursing farm credit in the next 12 months.
Last year on July 30, BB announced the farm credit policy with a target of disbursing Tk 16,400 crore from August 2015 to July 2016. This year the target for the loan disbursement would be increased to Tk 17,550 crore.
While announcing the fresh target of farm loan disbursement for August, 2016 to July, 2017 period, the governor will also give a brief on the achievement in the agro loan disbursement and recovery in the past one year.

Monetary Policy for H1 to be announced tomorrow

Farm loan policy on Thursday

Bangladesh Bank (BB) will unveil two key policy statements this week. The Monetary Policy Statement (MPS) for the first half of the fiscal year will be launched tomorrow (Tuesday) and the farm loan policy will be announced on Thursday, reports BSS. Governor Fazle Kabir will announce the MPS for the first half of the current 2016-17 financial year (FY17) on Tuesday, July 26 at 11 am at the central bank headquarters in the city. The governor will also brief journalists the outcome of the current MPS in managing inflations, driving inflow of private sector credit and propelling economic growth. BB Chief Economist Biru Paksha Paul told BSS that like previous ones the new MPS had been prepared in line with the national budget, and it would have major focus on areas including credit, GDP (gross domestic product), inflation and exchange rate. The central bank on January 14 this year unveiled the MPS for the second half of the past 2015-16 (FY16) financial year focusing on higher growth with lower inflation. In the last MPS, BB projected GDP growth rate at 6.8 to 6.9 per cent and inflation at 6.2 per cent for FY16, ending in June 30. BB governor will roll out the annual agriculture and rural credit policy on July 28, Thursday, setting a target of disbursing farm credit in the next 12 months. Last year on July 30, BB announced the farm credit policy with a target of disbursing Tk 16,400 crore from August 2015 to July 2016. This year the target for the loan disbursement would be increased to Tk 17,550 crore. While announcing the fresh target of farm loan disbursement for August, 2016 to July, 2017 period, the governor will also give a brief on the achievement in the agro loan disbursement and recovery in the past one year.