BB to unveil monetary policy on July 18

The Bangladesh Bank (BB) has decided to publish the monetary policy statement (MPS) for the first half (July-December period) of FY 2024-25 on Thursday (July 18) by publishing it on its website, breaking the tradition of announcing it through a formal press conference.

Saiful Islam, the acting spokesperson and Executive Director of Bangladesh Bank, said that a primary decision has been taken to announce the monetary policy for the new fiscal year on July 18. A monetary policy meeting has already been held with the stakeholders. On July 14, the responsible committee will hold a meeting regarding the monetary policy announcement. The monetary policy will be passed in the board meeting of Bangladesh Bank on July 16.

The MPS will be updated online at 3pm on July 18, instead of a press conference, he said.

According to sources, the primary goal of the upcoming monetary policy this time will be to control inflation, which has been a pressing issue for the economy.