Capital market is now favorable investment: Governor 9P55.31-G

(39.37) Capital market is now favorable investment: Governor

Bangladesh Bank Governor Fazle Kabir said that there are sufficient liquids in the market now. Now there is a very favorable environment for investing in the capital market. In addition there is less interest rate for interbank transactions. These will increase the investment in the capital market. So now there is a very favorable environment for investing in the capital market. The Governor said this during the declaration of Monetary Policy for the first half of the fiscal year (July 31st), 2018-19 (Tuesday July 31).

Fazle Kabir said, "If there is any impact on the capital market due to low interest rates, the governor said," There is adequate liquidity in the market now. " There is no doubt about it. In addition, the memory of the match has decreased. '

Fazle Kabir said, while central bank has always emphasized the need to strengthen attractive investment in the capital market during the formation of monetary policy. For this reason, after declaration of monetary policy, it has been repeatedly called for the development of equity and bond issue in the capital market.

He said negotiations are going on to reduce the interest rate of savings certificate. It will be adjusted. This will increase the investment in the capital market. Besides, the Bangladesh Bank will always remain in the overall development of the country's capital market. Referring to the implementation of the six-six interest rates of the banks, the governor said, the central bank has kept under surveillance of collecting the rate of interest and collecting the rate of interest.

In the monetary policy of the first half of the current fiscal year, the private sector credit growth has been estimated at 16.8 percent as of December 2018. Government loans have been estimated at 8.6 percent.

The governor said, the actual achievement is 7.65 percent higher than the target of 7.4 percent of GDP growth target for the year 2018. However, the target of keeping the average annual inflation at 5.5 percent is not achieved. In June this year, the inflation rate increased to 5.78 percent. He said the increase in the cost of imported goods has increased, he said.

During the declaration of monetary policy, Bangladesh Bank Advisor SK Sur Chowdhury, Deputy Governor Abu Hena Mohammad Razi Hasan, and Chief Economist Faisal Ahmed along with Ahmed Jamal were also present.