News in Brief
Central bank raises base rate by 50 basis points to 3.40%
The Council said inflation risks warrant a further tightening of monetary conditions.
The Council said inflation risks warrant a further tightening of monetary conditions.
The central bank base rate was raised by 30 basis points to 0.90 percent at a monthly policy meeting on Tuesday.
The council said that the central bank’s 3.0 percent inflation target is expected to be achieved by the middle of 2019, one quarter later than in a projection released three...
The bank also cut its overnight collateralized loan rate by 15 basis points to 0.9 percent, narrowing the interest rate corridor
The bank could maintain loose monetary conditions until 2018-2019