NBH rate-setters keep base rate unchanged
The Monetary Council also decided to keep the central bank’s O/N deposit rate at 5.75% and the O/N collateralised loan rate at 7.75%.
The Monetary Council also decided to keep the central bank’s O/N deposit rate at 5.75% and the O/N collateralised loan rate at 7.75%.
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%.