Monetary Policy Committee (MPC)

Cost of loans to remain at 14% p.a after review by Monetary Policy Committee (MPC)

Yesterday, Monday 27th March, 2017 the Monetary Policy Committee (MPC) met to review the outcome of its previous policy decisions and recent economic developments. The MPC therefore decided to retain the Central Bank Rate (CBR) at 10.0 percent in order to anchor inflation expectations. Hope you remember that the Banking (Amendment) Act 2016 sets the