Bangladesh, Aug. 2 -- Bangladesh Bank (BB) has decided to issue its Monetary Policy Statement (MPS) on a quarterly basis, replacing the current six-month cycle, in an effort to make monetary policy more responsive to rapidly changing domestic and global economic conditions.

The central bank is expected to implement the new system from September. Officials said the move is intended to make the MPS more realistic, timely, and inclusive, as macroeconomic developments have become increasingly volatile.

Bangladesh Bank had introduced an annual MPS during the tenure of former Governor Fazle Kabir. The frequency was later revised to a half-yearly schedule under former Governor Abdur Rouf Talukder.

The International Monetary Fund (IMF) had als...