Bangladesh Bank has unveiled a new monetary policy setting private credit growth at 13.1 per cent for FY2022-23, down from 14.8 per cent in the previous fiscal year.
The policy FY 2022-23 was announced in a press conference at Jahangir Alam conference hall on Thursday.
Outgoing central bank governor Fazle Kabir took a cautious stance in the policy aimed at tightening measures to control growing inflation, reports UNB.
The BB also raises policy repo rate to 5.5 per cent to curb currency flow and making credit for banks costlier.
