Private sector credit growth continues to fall
BI Report || BusinessInsider
Published: 17:15, 29 December 2020
Representational image from Pixabay
Private sector credit growth continued to dip down due to the coronavirus pandemic that has affected almost every business.
Latest Bangladesh Bank data shows credit growth came down to 8.21 percent in November, down from 8.61 percent in October.
November's credit growth is the lowest at least since 2008.
Analysts said this indicates consumption has gone down and people are very cautious to borrow money despite low interest rates.
