DHAKA: Bangladesh Bank declared monetary policy for the first half of the ongoing fiscal setting private sector credit growth at maximum 16.5 percent.

Central Bank says the monetary policy is cautious and investment-friendly one like previous fiscal.

It also fixed the average inflation target of 6.5 percent.

Governor Atiur Rahman has declared the policy at conference hall of the central bank around 11:00am.

BDST: 1145 HRS, JUL 26, 2014