Bangladesh Bank (BB) is set to announce today (Wednesday) its flagship monetary policy statement (MPS) for the first half of the current 2017-18 financial year (FY18).

"BB Governor Fazle Kabir will unveil the MPS at 11.30am at a press conference at the central bank headquarters in Motijheel," said a BB press release in Dhaka on Tuesday, reports BSS.

Earlier, BB Deputy Governor Abu Hena Mohd Razee Hassan said the MPS would be announced on the basis of the national budget for the 2017-18 financial year and the fiscal policy directions.

The government has set the GDP growth target of 7.4 percent and inflation target of 5.5 percent for FY18.

Like previous fiscal, the central bank will maintain its cautionary stance in the new MPS, said a senior BB official. "We will not make any major change to the policy while announcing the MPS for the first half of the FY18," he added.