2023-10-04

Added 2026-08-07

MPD Circular No. 03: Refixation of Interest Rate Corridor

The Monetary Policy Committee has increased the short-term interest rate corridor by 75 basis points, raising the upper limit from 6.50% to 7.25%, the Standing Lending Facility rate from 8.50% to 9.25%, and the Standing Deposit Facility rate from 4.50% to 5.25%. This decision was taken during the 60th meeting of the Monetary Policy Committee held on October 4, 2023. The revised interest rate corridor becomes effective on October 5, 2023.

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