DHAKA: Bangladesh Bank (BB) announced the new monetary policy for the second half of the current 2014-15 fiscal year on Thursday.

BB governor Dr Atiur Rahman made the announcement at a press conference at Jahangir Alam Conference Room of the central bank.

According to the monetary policy, BB aims at supplying reserve money at the growth rate of 15.9 percent and broad money at 16.5 percent at the end of fiscal year 2014-15.

There is also an opportunity for the productive private organizations for using long term foreign investment, it added.

The target in reducing annual average inflation rate from 7.35 percent to 6.50 percent by June, 2015 is nearly fulfilled.

Bangladesh Bank pursued the monetary policy of prudence to strike the balance between objectives of moderate inflation and respectable growth.

Money supply and policy rates will be controlled accordingly while opening further avenues to promote investment through greater financial inclusion.

BDST: 1809 HRS, JAN 29, 2015