Rate-setters of the Monetary Council of the central bank decided to cut the central bank’s key rate by 15 bps to 0.9%, after a similar rate cut a month ago.
The bank also decided to lower the top of the interest corridor by 10 basis points, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the O/N collateralized loan rate to 1.20% while keeping the O/N central bank deposit rate at -0.05%.
