A Comparative Review of Islamic Versus Conventional Microfinance in Bangladesh
Comparative Study of Monetary Policy Statements of Bangladesh Bank for the Fiscal Year 2016
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Transcript of Comparative Study of Monetary Policy Statements of Bangladesh Bank for the Fiscal Year 2016
8.55%
6.05%
5.41%
6.41%
6.28%
6.79%
(For the period of July 2014 to December 2015)
Target: 6.20%Achievement: 6.19%
Target: 6.07%Achievement: 5.61%*
*Information collected from trading economics for the month April of 2016
Salary HikeDecreased Fuel Price
Macro Stability
Downward trend in inflation
Investment stimulation
To achieve 7% GDP growth target
Target15% Broad money growthAchievement 14.2% Broad money growth
Target15% Broad money growthAchievement Not known yet
Repo and Reverse RepoUnchanged7.25% and 5.25%
Repo and Reverse RepoLowered6.75% and 4.75%
Remaining cautious on inflation
July-December, 2015
January-June, 2016
To stimulate investment
July 2014 November 2015
Deposit Rate 7.71% 6.46%
Lending Rate 12.84% 11.37%
Average Spread 5.13% 4.81%
(Jan-June, 2016)
State Owned banks’ lending ratesLowered by 1.5% to 2%Lowering Sanchaypatra Rates
Broad Money Tk. 9099 bnBroad Money Tk. 9052 bn
FY 2015’s 13.2% Private Credit Growth
6.5% GDP Growth
FY 2016’s 15% Private Credit Growth
7% GDP GrowthProjected
Increased buying for both the period
FY 2015 2015 (July-Dec)
2016 (Jan-June)
Current Account
Surplus USD 2 bn
Deficit USD 3.55 bn
Surplus USD 0.96 bn
Overall Balance
Positive USD 4.16 bn
Positive USD 1.13 bn
Positive 2.28 bn
Focused on Selective Easing
More Cautious Outlook
Focused on Lowering Policy Interest Rate
Investment Stimulation Strategy