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Central Bank Slashes Policy Rate By 50 Bps To 10.5pc
Central Bank Slashes Policy Rate By 50 Bps To 10.5pc
The central bank has reduced the policy interest rate by 50 basis points, bringing it down to 10.5 percent. Officials stated that the decision was taken in view of easing inflationary pressures and improving macroeconomic indicators. The move aims to support economic activity, encourage investment, and provide relief to businesses and consumers. The bank emphasised that future monetary policy decisions will remain data-driven and aligned with maintaining price stability. Analysts said the rate cut may boost market confidence while highlighting the need for continued fiscal discipline and structural reforms to sustain economic recovery.