DHAKA: Dhaka Stock Exchange (DSE) President hailed Bangladesh Bank Governor Dr Atiur Rahman due to announcing capital market friendly new monetary policy.
DSE president M Rakibur Rahman greeted BB chief immediate after announcing the new monetary policy on Wednesday.
“The new monetary policy would play a positive role in the capital market and the policy is very praiseworthy,” Rakib said.
Bangladesh Bank (BB announced its monetary policy Wednesday for the first half of the current fiscal year 2012-13 with a further contraction approach.
BB Chief Dr Atiur Rahman announced the new monetary policy at a press conference at 11:00am.
The new monetary policy has two major objectives: (i) maintaining inflation at moderate level and (ii) supporting inclusive growth objectives of the government.
The target for private sector credit growth was set to 18 percent while it was 18.3 percent in last December.
On the other hand, the target for government sector credit growth was set at 20.8 percent.
The central bank also set the policy to achieve targeted GDP (gross domestic product) growth 7.20 percent and bring down the inflation at 7.50 percent.
BDST: 1610 HRS, JUL 18, 2012
Edited by: Mohammed Humayun Kabir, Sr Newsroom Editor
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