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The Dhaka Chamber of Commerce and Industry (DCCI) warned that prolonged high interest rates could harm investment and job creation in the long run. DCCI President Ashraf Ahmed acknowledged that the government’s rate hikes are aimed at curbing inflation but cautioned that maintaining them for too long will slow private sector growth, investment, and employment. He suggested lowering rates after December to benefit the private sector.
However, Salim Al Mamun from Bangladesh Bank emphasized that inflation remains a priority, and higher rates will continue until it stabilizes. He expressed optimism that inflation could be controlled within eight to ten months if current measures are effectively implemented.
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