Bangladesh Bank (BB) will announce the Monetary Policy Statement (MPS) for the second half of the 2024-2025 fiscal year (January-June), aiming to control inflation by keeping interest rates unchanged.
The central bank governor Dr Ahsan H Mansur will formally announce the policy at 3 pm on Monday, at a press conference at the BB’s headquarters.
He will announce the policy for the first time since his recruitment as the governor after the change in the country’s political landscape.
The governor will also brief journalists on the outcome of the current MPS in managing inflation, driving the inflow of private sector credit and propelling economic growth.
The deputy governors, the head of the Bangladesh Financial Intelligence Unit (BFIU), the executive director of the research department, the spokesperson of Bangladesh Bank and other officials will be present at the event, the release continued.
It is learned that the new MPS will also bring major changes in exchange rate management. The policy announcement is mainly due to a slight decline in inflation and stable reserves at $20 billion.
Considering controlling inflation, stabilizing the exchange rate and increasing reserves as the main challenges, Bangladesh Bank announced the monetary policy for the first half of the current fiscal year on July 18 last year.
At that time, instead of holding a press conference, the monetary policy announcement was only made on the website.
Bd-Pratidin English/ AM
