The central bank has unveiled an accommodative but cautious monetary policy for this fiscal year (FY 2019-20) aiming to achieve maximum economic growth with curbing inflationary pressures on the economy.

The “...dual objectives of maintaining price stability and supporting inclusive, equitable and environmentally sustainable job-rich economic growth in turn with government’s strategies and goals for sustainable growth and development” were kept in mind while preparing the policy, Bangladesh Bank (BB) Governor Fazle Kabir said.

The central bank chief made the statement while formally announcing the monetary policy statement (MPS) for this fiscal at a press conference held at the central bank headquarters in Dhaka on Wednesday.

The policy rates, including CRR (cash reserve requirement), SLR (statutory liquidity ratio), Repo, and Reverse Repo, remained unchanged for the current fiscal year, according to the MPS.

The central bank fixed private sector credit growth target at 13.20 per cent and 14.8 per cent respectively for the first half (H1) and second half (H2) of the FY '20 while public sector credit growth target has been set at 25.2 per cent and 24.3 per cent respectively