Steady Ship

The Central Bank left its key short-term rates unchanged on Wednesday, signalling that it was comfortable with the countrys economic fundamentals.
The overnight repurchase rate (repo rate) was kept at 7.0 percent and the reverse repurchase rate (reverse repo) at 8.50 percent, the bank said in a statement following its monthly Monetary Policy Meeting late Tuesday. rn

rnDespite strong economic fundamentals, dealers were not expecting the Central Bank to change its short-term interest rates, considering the current political impasse. rn

rnThe bank has maintained its soft interest bias right throughout the crisis and has met market players to assure them that there would not be a change in its borrowing programme.rn

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