12:01 AM, July 27, 2014 / LAST MODIFIED: 01:53 AM, March 08, 2015

GDP growth to hover around 6.5pc

GDP growth to hover around 6.5pc

BB says in new monetary policy
Star Business Report

Bangladesh Bank has forecast the country's economic growth will remain between 6.2 percent and 6.5 percent in the current fiscal year, though the government has set the growth target at 7.3 percent.
The central bank in its half-yearly monetary policy also aims to bring the inflation rate down to 6.5 percent, which the government says would be 6 percent.
The BB plans to keep the ceiling for private sector credit growth at 14

percent by December this year, against 15 percent in the same month last year.
The monetary policy is investment-friendly and a cautious stance was taken focusing on inflation, BB Governor Atiur Rahman said at a press conference yesterday.
Zahid Hussain, lead economist at the World Bank's Dhaka office, praised the BB stance, saying it has set monetary growth targets in line with realistic growth and inflation targets.




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