Central Bank keeps repo rate at 3.5 per cent
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AG
March 28, 2025Andrew Gioannetti
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THE CENTRAL Bank has opted to maintain its repo rate at 3.50 per cent, citing global economic uncertainties and the need to safeguard against potential inflationary pressures.
The decision was made during the bank's latest monetary policy review, which reflected a complex international landscape, including trade tensions.
The bank, citing the International Monetary Fund (IMF), said world economic growth for 2025 is projected to hold steady at 3.3 per cent, "but with large downside risks."
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