In a separate circular, the central bank has brought back the six-month moving average rate of treasury bills (SMART) system in determining loan interest rates, with a view to transition towards a completely market-based system for loan interest rates. Announced to take.
At the same time, the upper and lower limits of the policy interest corridor have been adjusted with the policy interest rate.
The interest rate ceiling, the Standing Loan Facility (SLF), has been increased by 50 basis points from 9.5 percent to 10 percent, while the floor, the Standing Deposit Facility (SDF), has been increased by 50 basis points from 6.50 percent. Up to 7 percent.
