Güncelleme Tarihi:
The bank decided to cut borrowing rate by 100 basis points to 10.5 percent; and its lending rate by 100 basis points to 13 percent to boost slowing growth.
Economists had forecasted the bank to reduce its rates between 50 - 125 basis points. Â
The bank cut the rates for the fifth consecutive time reaching a total of 6.25 percent, while its previous cut was much more than expectations with 150 basis points.Â
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