NBH rate-setters cut base rate by 25 basis points
The Council said inflation data was consistent with the projection in the June Inflation Report.
The Council said inflation data was consistent with the projection in the June Inflation Report.
The council also acknowledged that the inflation outlook had improved in the past quarter.
At a regular policy meeting on Tuesday, the Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.25% and the O/N...
The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
The NBH has lowered its forecast for 2024 average annual inflation to 3.5-5.0% from 4.0-5.5% in the previous report.
The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 9.00% and the O/N collateralised loan rate to 11.00%.