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BB unveils monetary policy tomorrow

WT24 Desk

Bangladesh Bank (BB) is set to unveil its flagship monetary policy statement (MPS) tomorrow (Thursday) for the first six months of the current 2015-16 financial year (FY16), agencies report.  Governor Dr Atiur Rahman will announce the MPS at a press conference at the central bank headquarters at 11am. Earlier on July 23, Governor Dr Atiur Rahman at a view exchange meeting with journalists at a city hotel said the primary objective of the next MPS would be facilitating sustainable financing to help accelerate investment for attaining inclusive growth.

He said the coming MPS would have a special attention to socially and environmentally responsible financing to protect the environment for the next generation.  Like previous ones, the next MPS would also prioritise financing productive sectors including agriculture, manufacturing and export-oriented enterprises. He said as a special drive to accelerate mid-term investment and green financing, the central bank would come up with a $500 million dollar special funds while announcing the next MPS.

Of the total amount, $300 million would meet the demand for mid-term investment while $200 million would be set aside for green financing, the governor said, adding that the two funds would be in foreign currency. Referring to the existing $2 billion Export Development Fund (EDF), the governor said the two special funds would be additional to the existing EDF.

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