Jumbangla Desk: The lowest growth in the last three years has been in the private sector. This information has emerged in the latest report of Bangladesh Bank.
It is said that last September, the credit growth of this sector decreased to 9.20 percent. The private sector is also losing interest in fresh investments after rising interest rates, falling imports and political changes.
Those concerned say that the political situation is still not stable after the mass uprising of the students in July-August. This uncertainty has reduced interest in new investments.
Again, the number of LC openings has decreased due to the disruption of the communication system, which also has an impact . In addition, the central bank has increased the policy interest rate in phases to control inflation. The interest rate of bank loans has increased a lot.
So businessmen are not looking to invest with high interest loans. This is also the reason for the decline in growth in the private sector.