Dhaka, Bangladesh, Aug. 1 -- The central bank of Bangladesh announced 'cautiously accommodative' monetary policy statement (MPS) for the current fiscal year aiming to achieve higher growth while taming inflationary pressures.

"The policy stance remains as cautiously accommodative as before," said Fazle Kabir, governor of the Bangladesh Bank (BB) while announcing the policy at the central bank headhunters in Dhaka on Wednesday.

"The monetary policy stance for FY 20 also take due note of Bangladesh's momentum as a fast-growing developing economy pursuing soonest possible graduation to upper middle income country status," the MPS added.

The central bank has decided to release MPS on a yearly basis rather than in a half-yearly fashion.

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