Floating interest rate to hurt investment flow to market: FBCCI

Floating bank interest rates would affect investment inflow to the market, said a top leader of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today.

But many economists have been suggesting for many months for withdrawing the cap of interest rate to lower the high inflation in the domestic markets, he said.

The government should increase the allocation for improving the energy supply as the industries have been suffering from low-gas pressure and frequent load-shedding, said Md Jashim Uddin, president of the FBCCI.

He spoke at a roundtable on the proposed national budget for 2023-24 fiscal year.

The Economic Reporters' Forum (ERF) organised the discussion in collaboration with Research and Policy Integration for Development (RAPID) and the Asia Foundation at the ERF office in Dhaka.

At the discussion, Planning Minister MA Mannan said the proposed Tk 2,000 against every TIN may be considered for withdrawal.