RIL Money and Banking – The Factbook of BD Financial Market
Broad money accelerated by 8.6% growth (YoY) to BDT 18,894 bn at the end of Nov 2023 as against the projected growth of 9.5% for Dec 2023. BB sets the broad money target 9.70% for H2FY24.
Private sector credit growth slowed by 9.9% (YoY) in November 2023, mainly because of continuous hike in policy rate, liquidity crunch in banking system, and global economic uncertainty. Consumer Price Index (CPI), reached at 9.41% in Dec 2023, compared with 9.49% in the previous month. Amid hawkish monetary policy and stable fiscal stance, BB projected inflation to 7.50% (YoY) for H2-FY24.
