Central Bank kept its key short-term interest rates unchanged to tame inflation

The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision earlier in March to control inflation in the second half of 2005. The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision earlier in March to control inflation in the second half of 2005. The overnight repurchase (repo) and reverse repurchase (reverse repo) rates will remain at 7.5 percent and 9.0 percent respectively.

The bank last month raised the rates by 0.5 percent in November.

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