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Monetary Policy

Central Bank rate raised to 13%

Central Bank rate raised to 13%

With the continued depreciation of the local currency against the dollar, among other foreign currencies since the beginning of this year, which in turn has caused high inflation on the economy, the Central Bank has deemed it fit to raise the Central Bank Rate (CBR) by 1% point to 13% for the month June 2015 as an intervention […]

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