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Wednesday, 29 September 2010

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The Central Bank announced on Tuesday that the refinancing rate would remain at 7.75% and that other key rates would remain unchanged, indicating this would "maintain a balance between macroeconomic risks in the coming months."

The refinancing rate has been at 7.75% since June 1 after 14 consecutive cuts over 15 months. The announcement by the Central Bank comes after inflation picked up during September, rising 0.6% to 6.7% annually, on the back of the summer heatwave and drought.

http://www.bankreviews.org/

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