The Monetary Policy Committee (MPC) voted unanimously on Friday (March 20) to cut the key policy rate by 0.25 percentage point, from 1.00 to 0.75 per cent, effective from March 23 to reduce the interest burden on borrowers affected by the Covid-19 outbreak and to alleviate liquidity strain in the financial markets.
MORE BOT cuts key rate by 25 basis points in sudden move