Higher productive credit flow envisaged for job generation
Dhaka, May 21 -- Next monetary policy of Bangladesh is going to be a bit bounteous with greater credit flows into productive sectors for much-needed job generation while exchange-rate regulation remains an inflation-combat tool.
Such a preview is obtained by The Financial Express as the central bank gets down to preparing the upcoming monetary policy with these two ostensibly paradoxical tasks in consideration,
The existing monetary policy stance (MPS) may continue another six months, the Bangladesh Bank (BB) officials have hinted, adding that all policy rates are likely to remain unchanged in the near future.
"We still prefer to keep the policy rate unchanged, but it will be finalised in the next Monetary Policy Committee (MPC) meetin...
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