Fri, April 25, 2008 : Last updated 9:32 hours
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Home > Business > Policy rate remains unchanged
Policy rate remains unchanged
The Monetary Policy Committee on Wednesday maintained the policy rate at 3.25 per cent, on fears of rising inflation.
It was expected that the rate would not be cut despite the US moves in the previous month, given the high inflationary pressure. At present, the real interest rate is negative due to high inflation. - The Nation
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