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BerichtGeplaatst: 05-06-2018 03:10:34    Onderwerp: generated new growth Reageren met citaat
by Naim-Ul-Karim


DHAKA Nike Air Force 1 Special Field Haute Boots Blanche Pas Cher , July 26 (Xinhua) -- The central bank of BangladeshWednesday unveiled its monetary policy for the first half of thecurrent 2017-18 fiscal year ending next June, focusing on pricestability, economic growth and employment generation.


Bangladesh Bank (BB) said the half-yearly monetary policy fromJuly to December 2017 is designed to support the government'spolicies and programs in pursuit of faster inclusive economicgrowth and poverty reduction.


Unveiling the policy at a press conference, BB Governor FazleKabir said the new monetary policy aims at facilitating short-andmedium-term macroeconomic management, with monetary and financialpolicies promoting socially responsible financing Nike Special Field Air Force 1 Army Vert Haute Boots Pas Cher , facilitatingattainment of the government's near-and longer-term inclusive,environmentally sustainable growth objectives.


BB said the half-yearly Monetary Policy Statement (MPS) outlinesrecent domestic and external economic and financial sectordevelopments.


By balancing the output and inflation risks for the economy overthe next one year, the program will target monetary growth pathaimed at keeping average inflation around 5.5 percent, it said.


According to the bank's Monetary Policy Statement, the downsiderisks to the growth and inflation projections that form the basisof monetary program are hard to fully capture in the econometricmodels. The risks to the growth outlook from the modest globalgrowth and weaker remittance flows Nike Special Field Air Force 1 Blanche Haute Boots Pas Cher , and the inflation risks fromany rise in food price and its spillover into non-food inflationneed to be closely monitored, it said.


The central bank said it will update its forecasts on a regularbasis during the course of the year and adjust monetary programaccordingly to accommodate any significant change in the baselinescenario.


In line with the government's inclusive, environmentallysustainable growth goals, BB said it has been taking up countrywideschemes promoting financing of MSME (micro, small and mediumenterprises) initiatives in the agriculture Nike Air Force 1 Mid 07 Blanche Noir Pas Cher , manufacturing, andservices sectors to stimulate creation of new output, employmentand income.


According to the bank's statement, the market-based exchangerate of taka has responded to the turnaround of BoP (Balance ofPayment) current account balance from surplus to deficit in FY17,depreciating by around 3 percent against U.S. dollar.


Looking ahead Homme Nike Air Force 1 07 Basse Metallic Or Blanche Pas Cher , output growth momentum remains robust, but low2016-17 fiscal year export growth (1.7 percent) and workers'remittance inflow downturn (-14.5 percent) pose risks to externaland domestic demand-led growth outlook for 2017-18 fiscal year, BBsaid.


It said food price uptrend caused by the Q4 of the last2016-2017 fiscal year flash flood in the haor (a vast stretch ofturbulent water) regions pose some risk for inflation outlook. Somemitigation of the domestic inflation risks can be expected fromsubdued global inflation upheld by the onset of monetary tighteningin the United States and the EU, coupled with low inflationprevailing in neighboring India.


BB's fiscal 2018 monetary program seeks to set a prudent,flexible course towards containing 12-month average CPI inflationwithin targeted 5.5-percent ceiling while supporting attainment ofthe 7.4-percent GDP growth targeted by the government.


BB's fiscal 2018 monetary program sets Domestic Credit (DC)growth ceiling at 15.8 percent Nike Air Force 1 Basse Cuir Blanche Noir Pas Cher , a level consistent with the growthand inflation objectives, accommodating ample (16.3 percent) growthof credit to private sector and a lower (12.1 percent) growth forcredit to public sector because of the latter's large access tonon-bank (NSCs) borrowing.


The central bank said monetary policies will continue policysupports for financing of farmnon-farm MSME output initiatives,with realigned greater emphasis on the employment-focusedmanufacturing and service sub-sectors, and for "green" projects ofadopting environmentally benign output practices.


Other recent BB initiatives include Foreign Direct Investment(FDI) facilitation through dedicated help-deskssupport units inbanks.


Net inflow of FDI in Bangladesh's Export Processing Zones shrankby about 2 percent to 300.26 million U.S. dollars in the first ninemonths of the past fiscal year 2016-17 fiscal year, according tothe latest statistics released by the central bank recently.Enditem


TIANJIN Homme Nike Air Force 1 Basse 07 LE Noir Blanche Pas Cher , China, May 23 (Xinhua) -- Four group stage leaders, hosts China, Thailand, Vietnam and South Korea all won their first match in the second stage at Asian Women's Volleyball Championship here on Saturday.


Group A leader China beat Japan's backup team 3-0 (25-19 Homme Nike Air Force 1 Basse Noir Pas Cher , 25-14, 25-10). The young Japan team shower their will especially in offense with their spiker Sakamoto Nanaka. But China then adjusted their strategy and showed dominance in blocking.


Group B leader Thailand also enjoyed a 3-0 win over Kazakhstan (25-11, 25-19, 25-12) while Kim Yeonkoung led Group D leader South Korea to defeat Chinese Taipei 3-0 (25-12, 25-20 and 25-19.


Group C leader Vietnam had an tough day with coming back from behind twice to beat Iran with 21-25 Nike Air Force 1 Basse Noir Pas Cher , 25-17, 26-28, 25-22 and 15-12.


Sunday will see the second round of the second stage. China will play against Vietnam and South Korea will meet Thailand.


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