Growth of credit in private sector registered at 11.07 percent in September 2013 over September 2012 and it was lower than the growth of 19.88 percent witnessed at the same time of the previous
year. The target of credit in private sector in the current MPS (Monetary Policy Statement) has been set at 15.5 percent by December 2013. This target is 3.0 percentage points less than the target (18.5 percent)
of previous monetary policy statement. The rate of growth on credit to private sector declined to 8.89 percent in July-May 2012-13 from targeted 18.5 of previous MPS. In contrast, the rate of growth of actual disbursement of credit to the private sector in July to September, 2013 -14 over July to
September, 2012-13 are 10.18 percent, representing a 5.32 percentage point gap. If the current trend continues, the gap may further widen in September to December, 2013-14. Growth of credit in private sector registered at 11.07 percent in September 2013 over September 2012 and it was lower than
the growth of 19.88 percent witnessed at the same time of the previous year. Growth of credit in this sector slowed in recent time mainly due to consecutive contractionary monetary policy taken by Bangladesh bank as well as recent political ambiguity in the country. In public sector it has observed a negative rate of growth of 43.15 percent in July-September, 2013-14 over July-September, 2012-13, which also grew at a negative rate of 4.95 percent over July-September, 2011-12. Domestic credits
recorded an increase of 11.52 percent at the end of September, 2013 against the increase of 17.72 percent in corresponding period of the last year.
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