The slides delve into comparative study on two monetary policy statements for the Fiscal Year 2016 prepared by Bangladesh Bank. Studying the two monetary policy statements I have found some distinguishing features in the two monetary policy statements that were prepared for the same Fiscal Year. The target and achievement have been delineated. Some findings are showcased here with some recommendations.

5. 8.55%
6.05%
5.41%
6.41%
6.28%
6.79%
(For the period of July 2014 to December 2015)

6. Target: 6.20%
Achievement: 6.19%
Target: 6.07%
Achievement: 5.61%*
*Information collected from trading economics for the month April of 2016

7. Salary Hike
Decreased Fuel Price

9. Macro Stability
Downward trend in inflation
Investment stimulation
To achieve 7% GDP growth target

10. Target
15% Broad money growth
Achievement
14.2% Broad money growth
Target
15% Broad money growth
Achievement
Not known yet

11. Repo and Reverse Repo
Unchanged
7.25% and 5.25%
Repo and Reverse Repo
Lowered
6.75% and 4.75%

12. Remaining cautious on inflation
July-December, 2015

13. January-June, 2016
To stimulate investment

14. July 2014 November 2015
Deposit Rate 7.71% 6.46%
Lending Rate 12.84% 11.37%
Average Spread 5.13% 4.81%

15. (Jan-June, 2016)
State Owned banks’ lending rates
Lowered by 1.5% to 2%
Lowering Sanchaypatra Rates

16. Broad Money Tk. 9099 bn Broad Money Tk. 9052 bn

18. FY 2015’s 13.2% Private Credit Growth
6.5% GDP Growth
FY 2016’s 15% Private Credit Growth
7% GDP GrowthProjected

19. Increased buying for both the period

20. FY 2015 2015 (July-Dec) 2016 (Jan-June)
Current
Account
Surplus
USD 2 bn
Deficit
USD 3.55 bn
Surplus
USD 0.96 bn
Overall
Balance
Positive
USD 4.16 bn
Positive
USD 1.13 bn
Positive
2.28 bn

21. Focused on
Selective Easing
More Cautious Outlook
Focused on
Lowering Policy Interest
Rate
Investment Stimulation
Strategy