Dhaka, July 30 -- Bangladesh Bank is expected to revise its long-standing contractionary monetary policy, with an eye towards easing interest rates.

This crucial shift comes in response to lower-than-desired credit growth observed in the previous fiscal year, a direct consequence of the tight monetary stance.

For the past three fiscal years, the central bank has maintained a contractionary policy, primarily aimed at taming persistent inflation and stabilising the volatile foreign exchange market.

The central bank's Monetary Policy Committee (MPC) now suggests measures to reduce interest rates in a bid to stimulate credit flow and boost employment.

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