Tag: Central Bank significantly tightens its monetary policy; decides to increase SDFR & SLFR by 700bps
Central Bank significantly tightens its monetary policy; decides to increase SDFR & SLFR by 700bps
The Monetary Board of the Central Bank at its meeting held today has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 percent and 14.50 percent, respectively. The Board, having noted the inflationary pressures that could further intensify […]