Tag: Central Bank further reduces policy rates by 2-pct & urges banks to reduce lending rates
Central Bank further reduces policy rates by 2-pct & urges banks to reduce lending rates
The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 200 basis points to 11.00 percent and 12.00 percent, respectively. The Board expects that the market interest rates particularly lending rates, will adjust downwards adequately and swiftly and the financial […]