New monetary policy announced

Bangladesh Bank (BB) announced its new monetary policy for the second half (January-June) of the current fiscal year 2012-2013 by increasing credit flow 0.5 percent in private sector.

Governor of the central bank Dr Atiur Rahman formally made the announcement in a press conference at his office on Thursday.

The new credit flow rate in private sector has fixed 18.5 percent which was 18 percent in the first phase monetary policy.

Deputy Governors of the central bank Abul Quasem, Abu Hena M Razi Hassan, SK Sur Choudhury and Nazneen Sultana, Senior Advisor to Governor Allah Malik Kazmi, Chief Economist of BB Dr Hassan Zaman were among others present at the press

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