According to Bangladesh Bank data released on Monday, credit growth stood at 6.49 percent at the end of June. He also argued that if inflation drops to 7 percent, the policy interest rate should be cut, as high lending rates are having a significant negative effect on the economy. The private sector credit growth target has been set at 7.20 percent. Governor Ahsan H Mansur has indicated that the policy rate will remain unchanged until inflation falls below 7 percent. The central bank’s website holds credit growth data from 2015, which shows that June recorded the lowest rate in that period.
