Bangladesh Bank (BB) is set to announce its Monetary Policy Statement (MPS) for the second half (H2) of the current 2013-14 (FY14) financial year on January 27, a BB official said.

One of the major focuses of the new MPS would be expansion of the private sector credit, but with a balanced policy approach, economic adviser of the central bank Dr Md Akhtaruzzaman told BSS earlier.

He said considering the trend of the economy and the political situation, the central bank is preparing its MPS for January-June 2014 period, which is expected to help increase credit flow to private sector with effective move to accelerate economic growth and maintain inflation.

The MPS for July-December 2013 cut the private sector credit growth to 15.5 per cent till December 2013 and 16.5 per cent till June 2014 from 18.5 per cent of January-June of 2013 only to arrest soaring inflation during this period.

News:Daily Sun/21-Dec-2013