2024-07-18 11:59:45
Bangladesh Bank tries to protect the country’s economic development and stability through monetary policy twice a year. The new monetary policy for the July-December period of the first half of the current financial year 2024-25 will be announced on Thursday (July 18) at 3 pm.
Central Bank Governor Abdur Rauf Talukder will announce the monetary policy. However, this time, Bangladesh Bank has decided not to announce the monetary policy through a press conference, which has been a long tradition. The central bank will announce the monetary policy in the presence of officials and publish it on the website.
According to the sources of Bangladesh Bank, despite repeated attempts, the reins of inflation are not being pulled. As a result, inflation control will be one of the goals of monetary policy. This monetary policy is being announced at a time of high inflation. Inflation has been targeted to be reduced to 6.5 percent in the current financial year. The central bank will formulate monetary policy keeping this target in mind. However, economists say, it is not possible to lower this target.
Controlling inflation in the country is now one of the main tasks of Bangladesh Bank. The central bank had aimed to reduce inflation to 8 percent in December last year and to 6 percent by June last year. Meanwhile, inflation rose to 9.93 percent last October, overall inflation was 9.49 percent at the end of November, 9.41 percent in December, and 9.73 percent in June. Loan interest rates are market based to reduce inflation. In addition, the policy has also increased interest rates. The loan interest rate has increased by more than 14 percent.