The Bangladesh Bank today raised its domestic credit growth target by 30 basis points to 18.5 per cent for the second half of 2022-23 in order to allow higher government expenditures.

When the central bank unveiled its monetary policy for the ongoing fiscal year in June, it set a credit expansion goal of 18.2 per cent for the January-June half.

Now, it has been set at 18.5 per cent for the January-June half, according to the new monetary policy of the central bank.

The credit growth target for the public sector has been adjusted upwards to 37.7 per cent from 36 per cent, while the target for the private sector credit growth has been kept unchanged at 14.1 per cent.