DHAKA — Bangladesh’s central bank has cut its private-sector credit growth target to 7.20% through December from the earlier 9.8%, and set the target at 8% through June of next year, as part of its effort to tame inflation.
Bangladesh Bank announced the new figures in its monetary policy statement for the first half of fiscal year 2025-26. Governor Ahsan H. Mansur unveiled the policy on Thursday afternoon.
Private-sector credit growth stood at 6.6% in May of the last fiscal year. The target for all of fiscal year 2024-25 had been 9.8%.
According to the monetary policy statement, public-sector credit growth is projected to reach 20.4% by December and 18.1% by June.
The central bank made no change to the policy rate. It said the rate would be cut once inflation falls to 7%.
“Inflation has eased somewhat, but it must come down further,” Mansur said. “Once it reaches our desired level, we will move on the policy rate.”
বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report