comparative study of monetary policy statements of bangladesh bank for the fiscal year 2016
TRANSCRIPT
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8.55%
6.05%
5.41%
6.41%
6.28%
6.79%
(For the period of July 2014 to December 2015)
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Target: 6.20%Achievement: 6.19%
Target: 6.07%Achievement: 5.61%*
*Information collected from trading economics for the month April of 2016
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Salary HikeDecreased Fuel Price
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Macro Stability
Downward trend in inflation
Investment stimulation
To achieve 7% GDP growth target
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Target15% Broad money growthAchievement 14.2% Broad money growth
Target15% Broad money growthAchievement Not known yet
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Repo and Reverse RepoUnchanged7.25% and 5.25%
Repo and Reverse RepoLowered6.75% and 4.75%
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Remaining cautious on inflation
July-December, 2015
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January-June, 2016
To stimulate investment
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July 2014 November 2015
Deposit Rate 7.71% 6.46%
Lending Rate 12.84% 11.37%
Average Spread 5.13% 4.81%
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(Jan-June, 2016)
State Owned banks’ lending ratesLowered by 1.5% to 2%Lowering Sanchaypatra Rates
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Broad Money Tk. 9099 bnBroad Money Tk. 9052 bn
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FY 2015’s 13.2% Private Credit Growth
6.5% GDP Growth
FY 2016’s 15% Private Credit Growth
7% GDP GrowthProjected
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Increased buying for both the period
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FY 2015 2015 (July-Dec)
2016 (Jan-June)
Current Account
Surplus USD 2 bn
Deficit USD 3.55 bn
Surplus USD 0.96 bn
Overall Balance
Positive USD 4.16 bn
Positive USD 1.13 bn
Positive 2.28 bn
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Focused on Selective Easing
More Cautious Outlook
Focused on Lowering Policy Interest Rate
Investment Stimulation Strategy
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