Dhaka, April 16 -- Bank deposit growth in Bangladesh has fallen below 8 percent once again in February, reflecting the headwinds facing the economy.

The latest data released by Bangladesh Bank on Wednesday reveals that deposits in the banking sector grew by 7.89 percent in February compared with the same month last year. This marks a decline from January, when growth had briefly risen to 8.28 percent after staying below 8 percent for four consecutive months.

The report shows that deposit growth began falling from September of the current fiscal year, dropping to 7.26 percent that month. It rose slightly to 7.28 percent in October, 7.46 percent in November, and reached 7.44 percent in December.

The last time deposit growth dipped this l...