Bangladesh Bank lays out monetary policy stance for the rest of 2014
Central bank aims at lower inflation and external stability
Bangladesh Bank (BB) will aim to contain reserve money growth to 15.5% and broad money growth to 16% by December 2014, it said in its monetary policy statement for H2 2014, with a view to bringing inflation down to an annual 6.5% by the end of the financial year 2015.
In June this year, BB raised the cash reserve requirement by 50 basis points in the face of "persisting inflationary pressures over the past few months", but is hoping that a projected pick-up in economic growth in 2015 will be
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