In a move to further ease monetary policy, the Central Bank has decided to lower the Standing Deposit Facility Rate by 25 basis points, bringing it down to 7.75%.
This decision was made during the Monetary Policy Board meeting held yesterday (21st), after careful consideration of both domestic and global economic trends.
The Central Bank stated that the relaxed monetary policy stance is expected to support reaching the 5% inflation target amidst global uncertainties and prevailing low inflationary pressures.
