Dhaka, April 6 -- Private sector credit growth slightly increased to 9.96% in February, edging up by 0.01 basis points from January, amid Bangladesh Bank's contractionary monetary policy that keeps interest rates higher to diminish the loan appetite for businesses.
Bangladesh Bank data shows that private credit growth was 9.95% in January.
The rate was 10.13% in December 2023, the highest in six months.
Private credit stood at Tk15.77 lakh crore at the end of February 2024, up from Tk14.34 lakh crore at the end of February 2023.
The central bank has set a private credit growth target of 10% for the January-June period of the fiscal 2023-24.
But the growth was not within the central bank's target in February.
Bankers say as the Banglad...