Friday, 21 March 2014 04:35
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Reuters:The Central Bank is expected to keep its key policy rates steady on Friday, a Reuters poll showed, after slashing them to multi-year lows to boost the country’s faltering economic growth.
The Central Bank has cut the repurchase rate by 125 basis points (bps) and reverse repurchase rate by 175 bps since December 2012 to stimulate economic growth, which picked up to 7.3% last year from 6.3% in the previous year.
The Central Bank has estimated the $67 billion economy would grow 7.8% this year.
