Bangladesh Bank, has announced that it will continue with a tight monetary policy that discourages imports of non-essential items, and restricts credit to the private sector. A bank spokesman said: "We will follow the contractionary monetary policy as a temporary measure to ease the inflationary pressure on the national economy."On Wednesday, the bank issued its first Monetary Policy Statement, setting a target to curb private sector credit growth by 3.3% by June to curb inflationary pressure on the economy.
