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Policy rate reaches 3-year low …will the banks respond this time?

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Although inflation rose from 10.3 percent in January to 10.6 percent in February, the Monetary Policy Committee (MPC) of the central bank has expressed confidence in the disinflation process, generally, as it voted to reduce the policy rate by 200 basis points to 18 percent. Addressing the press on Monday after the committee’s 81st regular […]

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