The Central Bank on Wednesday said it will actively absorb liquidity from the financial markets to curb inflation in the coming months. The Central Bank on Wednesday said it will actively absorb liquidity from the financial markets to curb inflation in the coming months. The bank however left its key short term interest rate unchanged for the fourth consecutive month, leaving the country’s savings earning a negating return.
The repurchase rate, at which the bank drains money from the banking system, was left at 7.5 percent, and its reverse-repurchase rate at 9.0 percent after its five- member monetary policy board met late Tuesday.
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