MPC Votes Unanimously to Keep Policy Rate at 1.50%, Cutting 2019 GDP from 3.3% to 2.8%
On 25 September 2019, the Monetary Policy Committee (MPC) has voted unanimously to maintain the policy rate at 1.50% while cutting 2019 GDP to 2.8%.
On 25 September 2019, the Monetary Policy Committee (MPC) has voted unanimously to maintain the policy rate at 1.50% while cutting 2019 GDP to 2.8%.
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On 25 September 2019, the Monetary Policy Committee (MPC) has voted unanimously to maintain the policy rate at 1.50%. Moreover, the committee has revised down 2019 GDP growth forecast to 2.8% from 3.3% after exports had plunged more than anticipated.
The overall financial condition is easing while the financial stability has been partly relieved. In addition, MPC expects GDP to expand 3.3% in 2020.