Repo Rate Remains At 3.5%

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The Central Bank has maintained the Repo Rate, or the rate commercial banks take short-term loans from our Central Bank, at 3.5%. In its December Monetary Policy Announcement,... Read more

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The Central Bank has maintained the Repo Rate, or the rate commercial banks take short-term loans from our Central Bank, at 3.5%. In its December Monetary Policy Announcement, the Bank says the latest data from the Central Statistical Office shows real Gross Domestic Product has expanded by 3% as compared to 2022. The labour market reflects that unemployment has declined by 3.7%. Meanwhile, there is steady growth in the non-energy sectors. According to the figures, headline inflation has continued to moderate while while food inflation has slowed to .8%, compared to 4.1% in the previous quarter.

Repo Rate Remains At 3.5%

Repo Rate Remains At 3.5%

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