NewsWhore
04-01-2011, 06:10 PM
The Central Bank has announced an increase in the overnight annual interest rate from 6% to 6.25%, effective 1 April 2011. The Lombard Interest Rate remains at 9.5%. The Central Bank said the objective is to close the gap between the interest rates and control inflation.
The Central Bank reports that in February 2011, the monthly inflation rate was 1.20% and the inter-annual rate climbed to 7.29%, above the ceiling of 5-6% inflation established in the monetary program with the International Monetary Fund, under the Stand-by Arrangement.
More... (http://www.dr1.com/index.html#3)
The Central Bank reports that in February 2011, the monthly inflation rate was 1.20% and the inter-annual rate climbed to 7.29%, above the ceiling of 5-6% inflation established in the monetary program with the International Monetary Fund, under the Stand-by Arrangement.
More... (http://www.dr1.com/index.html#3)