Dhaka, July 9 -- Bangladesh Bank will unveil its new monetary policy by the end of July, signalling a shift from its current contractionary stance in a bid to spur economic growth while still reining in inflation.

Sources indicate the central bank is preparing modest adjustments to the policy interest rate under International Monetary Fund (IMF) guidance.

Business leaders are, however, pinning their hopes on a more investment-friendly regime of lower lending rates and continued political stability.

Monetary policy is the primary lever for steering a nation's economic course, fostering development, taming inflation and regulating money supply over a given period.

For the first half of the current fiscal year, Bangladesh Bank is fine-tu...