Kenya | Central Bank Rate 05 Dec 2024 Central Bank 4.00% -0.25 Kuwait | Discount Rate Sep 19, 2024 Central Bank 9.00 % - 2.00 Kyrgyzstan | Policy Rate May 27,2024 Central Bank 7.75% + 0.25 Lesotho | Central Bank of Lesotho May 30, 2023 ...
The central bank has no autonomy, and Vanoli is believed to be defending the peso for political reasons. Meanwhile, private economists put the country’s annual inflation rate at close to 30%. At this point, it’s unclear which is dropping faster: the value of the peso or the credibility...
NEW DELHI, April 4 (Xinhua) -- India's central bank Reserve Bank of India (RBI) Thursday announced a reduction in repo rate by 25 basis points to 6 percent. Repo rate is the rate at which the central bank lends money to commercial banks in the event of shortfall of funds. "On the ...
The central bank said initially that it will not intervene in forex markets. This policy is consistent with maintaining an overnight interest rate target and an exchange rate which floats and weakens. It also mopped up some of the printed money by expiring term repo deals and selling down a ...
leading to a decision to hold the benchmark rate at 40%. Zimbabwe’s economy is on the road to recovery after years of turmoil, with last two being in recession. Growth is projected at 3.9% in 2021 by the World Bank and 6% by IMF. The apex bank also wants commercial banks to help...
The Bank of Uganda lowered the central bank rate by a full percentage point to 14% in August, citing the stability of the exchange rate and a gradual dampening of inflationary pressures this year. It was the third interest rate cut in 2016, totaling three percentage points. However, weak de...