Bangladesh Bank on Thursday unveiled a new monetary policy setting private credit growth at 13.1 per cent for FY2022-23, down from 14.8 per cent in the previous fiscal year.

Outgoing central bank governor Fazle Kabir took a cautious stance in the policy aimed at tightening measures to control growing inflation.

The policy FY 2022-23 was announced in a press conference at Jahangir Alam conference hall.

The BB also raises policy repo rate to 5.5 per cent to curb currency flow and making credit for banks costlier.