Counting Pennies

Private sector credit demand has been on an upward trajectory this year, with the Central Bank expecting year-end growth to hit 16 percent.
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Thernbank on Friday cut its key short-term interest rates by 75 basis points, tornprovide better lending opportunities to the private sector.

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The overnight repurchase rate or the reversernrepo, was cut to 7.50 percent from 8.25 percent, and the reverse repurchase raternor the repo, was lowered to 9.50 percent from 10.25 percent, broadly in linernwith market expectations.

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