, Feb. 10 -- Bangladesh Bank (BB) has announced a new monetary policy for the remainder of the current fiscal year 2024-25, targeting an inflation rate of 7-8% and setting GDP growth at 4-5%.

Governor Dr Ahsan H Mansur presented the new monetary policy during a press conference at Jahangir Alam Conference Hall of the central bank on Monday.

The monetary policy focuses on stabilising three key financial indicators: exchange rates, inflation and interest rates.

BB to announce contractionary monetary policy on Monday

It also aims to provide a slight economic expansion, despite a significant decrease in private sector credit flow, as the global economic slowdown, along with the impact of domestic financial scams, has contributed to sluggi...