The overnight interbank rate declined to 8.10 percent in September from 8.60 percent in June. The slight decline in the interbank rate was influenced by the improved liquidity flow to the banking system, largely dominated by net Government spending, payments…
Inflation rose further by 0.2 percentage points to an average of 23.7 percent in the third quarter. This was largely due to the rise in food inflation to 30.8 percent from 29.0 percent in the previous quarter owing to supply…
he Monetary Policy Committee (MPC), at its November 22-23, 2021 Meeting, decided to raise the Monetary Policy Rate by 50 basis points to 9.0 percent. This is to help steer inflation to single digits in 2022 and to within the…
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