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[Music] [Music] assalamualaikum have a good day welcome to financial management e-learning today we will discuss the monetary policy system for the year 2020 and 21. we all know that bangladesh bank has declared the monetary policy statement for the fiscal year 2020 and 21. we will discuss only for the highlights of mps so one thing clear here that the prime objectives of the monetary policies are the economic recovery along with maintaining dual goals of price stability and quality growth so all newspapers and media we have seen it there are monetary policy statements the basic highlights we have seen only do you know the bank rate now poor person proposed from the five person rape of rate four point seven five percent from five point two five percent reverse rep rate poor person from four point seven five percent broad money target thirteen point five percent private sector credit growth target thirteen point eight percent and also you know the current account balance target usd 4.9 billion this bank monetary policy and policy remained a growth suffered without tampering inflation target of 5.4 percent and by what is being purposed to cut in alumni to wrap rent from 5.25 to 4.75 to make funds available to banks at a cheaper price previous 17 years bank rate results changed now it provides for per person from the five person [Music] so monetary policy has risks factor in the of kobe 19 price volatility global economic bloods and cyclone and projected output growth is found to be on target of situation improves and global and domestic economic recovers and financial aid 21 the inflation range to be 5.04 percent to 5.93 percent and defect in current account balance extracted to slightly downgrade and admits that riveters might not be sustainable and if npl cannot reduce it would have a long-term bad impact expected a struck to rebound in fear support monetary policy money velocity level further and public sector key weight extended by forty four point four percent and private credit by fourteen twenty percent gdp growth target is set as a 82 percent and despite the growth decline 5.2 percent in the finish line 20 the government is expected that current economy condition due to capital 19 pandemic will be normalized soon an economy will recover like bishop and projected growth 2021 is higher than the world's 5.4 percent and india is six percent but equivalent to china is 8.2 percent so broad money and private sector credit growth targeted 15.6 percent per broad body and 14.8 percent per uh private sector growth if you see here look the this is the body growth so it's actually 12.7 percent it is a previous year it was programmed 13 percent projection for current dragon balance if episode is usd 4.9 billion and average inflation rate projected it is 5.04 to 5.93 multiplier targeted 4.9 percent for the year 21 which was 4.8 percent is the previous year and the rattle and reverse raffle are proposed to reduce 4.7 percent to 4 percent respectively for existing 5.25 percent to 4.75 percent net a foreign asset is expected to grow at 12 percent in pasta of initial 21 and 5.8 percent for the second half the same in june 20 the net foreign asset grew by 10.2 percent here the net uh foreign asset growth at the actual 10.2 percent of the previous year that was june 20 and uh program that was 4.2 percent so if you see here that two-year growth here that foreign point two percent is a program for december 20 12.5 percent uh june 21 is a 5.8 percent and the net domestic asset uh is to 20 to 13.4 percent at the program for addition between 14. per person domestic credit 13.7 percent and now 15 percent and credit of public sector including government 53.3 and now 35.6 percent and projected june 21 44 by 4 percent and get it to private sector it was finished at 20 to 8.6 percent uh it's a project edition by 11.5 percent and june 20 it would be 14.8 percent is the protracted and money supply blood money that means the 12.7 percent and 14 percent and june 2015.6 percent and money multiplier it was in the financial aid 20 here is 4. 4.8 percent now the december 20 is 5.1 percent and projected for june 21 is the 4.9 percent so domestic coverage is actually 13.7 percent is the previous year and also is the public sector credit growth it was 53.3 percent actual last year you see the private sector created good actual growth what 8.6 percent in june 20 the private sector created what you see here indonesia 2.7 percent bangladesh 8.6 percent vietnam 9.6 percent uh where india is 6.3 percent sri lanka 5.9 percent pakistan 5.9 uh overview of global economic growth as for the jio as part of june 20 look here is the is the world this is doing 20 it was actual um with a 192.9 in the 220 it's a minus 4.9 it is the projected and uh difference from the january 20 with the projector at minus 8.2 is increased here and advanced economics it was a minus eight it has projected for 20 eurasia minus 8 eurasia minus 10 other adverse economy minus 4.8 emerging market developing even in -3 and china one india minus 4.5 it is the projected for 21 is the simulated based on the channel it is changing the figure here and if we see the global food and rice price indicators and rice and food and also we can say commodity price indicator and long-term interest rate of some selected countries if we see here look at this line is uh for india and also said a policy rate of some selected countries china in the usa japan europe countries and also in the monetary policy at the mps of 2021 they are highlighted a 12 month event is cpa inflation look here is that generally the six 5.65 percent in the june 20 and the food is five point five two percent and not food is five point eight five percent and a core is 5.76 percent and same with 12 months every general cpa inflation and the upper plan the distance and uh june 20s if you could see the base here the lower it would be delivered would be june 21 is 5.04 percent and five percent in the june 22 per one five point nine three percent and also june 22 it will be five point nine four percent movement of surplus liquidity it's called a cbs is this color make a pcb here this yellow color conventional pcb and the total line is here that was june 20 1396 billion and moment of call money and policy rate in june 20 is a raffle 5.25 percent reverse trafficker 4.75 percent all money 5.01 percent nominal interest rate landing rate in june 20 7.95 and the deposit rate 5.06 percent and also real interest rate landing at one point nine three percent deposited minus point nine six percent trend of deposit and advanced growth is that a deposit growth a much 20 11.21 percent and adverse growth 10.54 so cross country real rending rate if you see here is 1.93 percent indonesia 7.8 percent sri lanka four person india three point six percent pakistan two point six percent vietnam one point three per three percent on the lord's side the bangladesh numbers second one so cumulative expert growth if you see july to june it's ten point five percent in the financial year nineteen and twenty it was minus sixteen point nine percent so cumulative import growth also in 19 it was 1.8 percent and in july to june in 20 and minus 8.6 percent of payment highlights if you see here is the action for uh financial attuned t our interaction balance minus 48000 billion usd and overall balance positive 3655 billion usd [Music] an outlook that were projected for uh finish elect 21 it is 1250 million usd months of import of goods and service 6.4 the actual for finishing 20 and the same is 6.4 for the year 21. so cumulative remittance growth if we see in the year 19 it was 9.6 but financially 20 it is 10.9 percent so key item of monetary program is net foreign asset it is a june 22.22 program for december 22.5 and june 21 5.8 net domestic asset june 13.4 percent and december 2014.4 percent june 21 18.3 percent domestic credit it was 13.7 percent june 20 and december 20 to be 15 percent june 21 19.3 percent projected a graded to the public sector june 20 53.3 percent and december twenty would be thirty five point six percent project and june twenty one forty four point four percent credit to the private sector [Music] eight point six percent is june and projected for december 20 11.5 percent and june 21 14.8 percent broad money 12.7 percent it was june 20 but december 2014 and june 21 and it would be 15.6 percent raise your money 15.7 percent in june 20 december 2015.5 percent and june 21 13.5 percent and money multiplier it was june 4.84 is number 22 would be 5.11 and june 21 would be 4.93 and if we see the implication of auditory policy change in 2021 so the monetary policy system is a both accommodation attaining a monetary target will be extremely challenging duty covet 19 and seasonal florida etc so it is uh that liquidity scenario banking sector is also expected to remain better due to the reduce of policy rates and public sector growth target has set for the rate 44.4 percent which is significantly higher than the private sector credit card an npla banking sector such so once your bb so presidential a semi sector and bangladesh bank here uh give some facility also and offer for kd grantee all this on banks are working with this an increase in the inward remittance inflow of higher fdi we need the sustained growth and uh government managed to maintain inflation rate 5.65 percent against the targeted 5.50 it happened due to the price reduction of oil price and also other commodities price in the industrial market so a bangladesh bank is working proactively with securities and exchange commission to develop an available capital market already bangladesh bank has taken few initiative from the improvement of the capital market like relaxation of capital market investment limit of banks decided to provide a special fund what about 2 billion to each bank to invest in capital market implemented a new dividend policy for banks to disburse up to 30 dividend including 15 percent cash dividend subject to maintaining minimum 12.5 capital conservation and introduce long-term rapid policy and other initiatives to increase the liquidity for the capital market also so in central bank has used is every level monetary policy is true and we know is that a trr a rapid facility refinancing facility to inject necessary liquidity in the market all these policy measures are taken to help general employment opportunities in the agriculture industry and service sector so that pandemic related economy clauses are a rapidly covered so monetary stimulators package declared by the bangladesh bank we know rapid reduce sierra reduce area increase to 87 for commercial bank it was previously 85 percent and 92 percent for assuria banks and previously run 90 percent allocation of total amount of bdt 550 2.5 billion for different refinancing scheme so if you see wrap-up it is 5.25 and for june 20 4.75 red it was 4.75 now four percent crr four percent revenue nslr including sierra 17 percent bank rate it was five percent now it is four percent so thank you only highlights mp silence for 201 and just basic highlight for you thank you all so thank you it's all for today we'll meet with you again with my next module till then take care allah office