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The Dhaka Chamber of Commerce and Industry (DCCI) has expressed concern that Bangladesh’s newly announced contractionary monetary policy could undermine the positive effects of the national budget’s tax and tariff incentives aimed at boosting investment, industrialization, and private sector growth. The business body issued its reaction shortly after Bangladesh Bank unveiled the monetary policy for the next six months.

According to DCCI, private sector credit growth has already slowed to 5 percent, while the policy interest rate remains unchanged at 10 percent, discouraging new investment. Despite four years of tight monetary policy, inflation rose to 9.42 percent in May, the highest in South Asia. The organization also noted that government borrowing from banks has surged by about 26 percent, squeezing liquidity and making credit access harder for private entrepreneurs.

DCCI welcomed the central bank’s Tk 60,000 crore stimulus fund as a positive step but stressed the need for transparent and efficient implementation. It urged better coordination between fiscal and monetary policies to ensure sustainable, private sector–driven growth and effective delivery of incentives to struggling entrepreneurs.

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Amar Desh 01 Jul 26

মুদ্রানীতিতে বাজেটের সুফল ম্লান হতে পারে: ডিসিসিআই | আমার দেশ

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