The MPC has decided to keep the 7.50% one week-repo rate on hold on its July meeting, the CBT announced. The committee continued to narrow the rate corridor by cutting the overnight lending rate by 25bps to 8.75%. It kept the ON borrowing rate unchanged at 7.25%.The late liquidity window lending rate was cut by 0.25bps to 10.25%. Markets had expected a 50bps cut...
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