Bangladesh Bank governor Abdur Rauf Talukder announces new Monetary Policy Statement (MPS) for the January-June period of 2024 at the central bank head office in Dhaka on Wednesday.
Bangladesh Bank has increased the policy rate yet again by 25 basis points to 8 per cent for the January-June period of 2024.
Central bank governor Abdur Rauf Talukder announced it on Wednesday afternoon as part of the regulator's new Monetary Policy Statement (MPS).
Under the MPS, the regulator has a target to bring down inflation to 7.5 per cent by next June. The decision comes despite the fact that inflation hovered around 9 per cent throughout last year.
The central bank also lowered the target for private sector credit growth to 10 per cent from 11 per cent.
