Dhaka: Bangladesh Bank (BB) on Thursday announced its half-yearly monetary policy statement (MPS) aiming at higher growth and lower inflation.

Governor Dr Atiur Rahman announced the MPS for the second half (H2) of the current 2015-2016 financial year (FY16) at a press conference at the central bank’s headquarters in the capital city, reports United News of Bangladesh.

Briefing journalists about the major directions of the MPS, the governor said the central bank maintained a cautious but supportive monetary stance; with projecting private sector credit growth and broader money slightly lower than the last MPS, but higher than the actual outcome.

‘This policy recalibration—lower policy rate and prudent credit and broad money targets—can sufficiently accommodate growth without sacrificing the inflation performance’, Dr Rahman said.

He noted that the MPS, like previous ones, has been prepared after having discussions with a large number of stakeholders to get the latest pulse of the economy, and incorporated their views on the economic constraints and outlook in designing our forward looking monetary policy stance.