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BB to Announce New Monetary Policy Monday
Staff Correspondent;
Economy
2025-02-09, 6:22pm
Bangladesh Bank (BB) is set to unveil its new monetary policy on Monday for the remainder of the fiscal year 2024-25.
The central bank will maintain its contractionary stance to combat inflation and reduce excess money supply, sources confirmed.
A contractionary monetary policy aims to tighten the money supply through measures such as raising interest rates, selling government bonds, or increasing reserve requirements for banks. This strategy is designed to slow economic growth and control inflation.
In preparation for this announcement, Bangladesh Bank has engaged in discussions with leading economists and key stakeholders.
The official announcement will be made at 3:00 pm on Monday during a press conference at the Bangladesh Bank headquarters in Motijheel, according to a press release.