January 30, 2011 9:04 PM

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Bangladesh is poised to achieve 6.7 percent growth rate in current fiscal

Bangladesh Bank, the central bank of the country today expressed optimism about the nation’s economy achieving the targeted growth rate of 6.7 percent for the current fiscal year. Talking to reporters in Dhaka after releasing the monetary policy statement for the second half of the fiscal year from January to June 2011, the central Bank Governor Dr Atiur Rahman said that the current fiscal year's GDP growth target should be attainable with robust growth in exports and a sustainable increase in power and gas supplies. The Central Bank governor also cautioned that food prices have increased significantly globally due to bad weather and the prices of non-food products also increased due to better-than-expected growth rate in the emerging and developing countries. The bank in its policy has also emphasized that the monetary policy will provide support to promote faster inclusive economic growth, with due vigil against inflationary pressure.

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