Dhaka, May 9 -- Since the July Uprising, the downward trend in private sector credit growth has shown some fluctuations, but is yet to change course.
Private sector credit growth in Bangladesh rose slightly to 7.57 percent in March, up from 6.82 percent in February, according to Bangladesh Bank data released on Thursday.
Despite the uptick, credit growth has remained below 8 percent for five consecutive months, signaling ongoing weakness in private sector borrowing amid high interest rates and economic uncertainty.
In January, credit growth stood at 7.15 percent. The latest figure is still well below the double-digit levels seen prior to the political upheaval last year.
Credit growth was 10.13 percent in July but fell to 9.86 percent...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.