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POLICY RATE

Policy rate maintained at 3.25%

The Monetary Policy Committee today decides to maintain the repurchase rate at 3.25 per cent, on expectation that high oil prices would not drive inflation beyond the target.



 A central bank official said today after the MPC meeting that core inflation in the next 8 quarters should be within target.

 Though, she noted that at the today's meeting, price risks carried higher weight than previous meetings.

- The Nation


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