FBCCI Urges BB Not To Increase Interest Rate

Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), the leading organization of businessmen, has urged not to increase interest rates on bank loans.

This request was made by FBCCI President Mahbubul Alam in the meeting of newly elected FBCCI leaders with Governor Abdur Rauf Talukder at the Central Bank (Bangladesh Bank) on Monday (September 18) morning.

The governor said interest rates will not increase at an abnormal rate. According to the current system, a small amount can be increased step by step, he added.

FBCCI President Mahbubul Alam said, “today we have come for a courtesy meeting. But there have been some business talks as well. The garment sector has benefited from the incentives given by the government. I personally thanked the governor for that. Besides, requested the governor not to increase the interest rate in the future. He said, based on the three-quarter or six-month monetary policy that has been given, there is no possibility of an increase in loan interest”.

When asked about the situation where dollar is not available even at 118 taka in the open market, the FBCCI president said, he said that Bangladesh Bank is working on the dollar crisis and it will be resolved in a short time. We have asked to look into things that traders can import commercial raw material.