However, rising interest rates have hampered the plans of the fully export-oriented and publicly listed company. Shasha Denims is not the only company affected by these high interest rates. As a result of these four consecutive hikes, loan interest rates at the customer level reached 14 percent. TWO-DIGIT INTEREST RATES: BUSINESS LEADERS QUESTION FEASIBILITYBusiness leaders expressed concerns at a seminar on Saturday about the rising interest rates on bank loans, fearing it will drive up business costs and reduce profitability. He explained that due to higher interest rates, his branch’s loan portfolio has dropped by 80 percent in the past year.
