Abrupt rise in interest rates, dollar value strain businesses, leaders say

A sudden rise in bank loan interest rates and in the dollar's value has increased pressure on businesses, Bangladesh's top business leaders have said.

They made the remarks during a meeting with Bangladesh Bank officials on Thursday.

The leaders urged the central bank to develop long-term policies in consultation with the business community instead of making sudden policy changes.

They also suggested that losses from the dollar's appreciation should be converted into long-term loans.

On behalf of the central bank, Governor Abdur Rouf Talukder and four deputy governors, among others, attended the meeting.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Mahbubul Alam, was present, among others, representing the business community,

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