Macedonias central bank cuts key interest rate to 3.75%.

By bne IntelliNews May 3, 2012
Macedonias central bank has reduced the key interest rate on central bank bills from 4% to 3.75% in order to boost loan growth and thus support the local economy. The banks said that it expects sluggish recovery, controlled inflation, still slow credit growth and a balance of payments position that will provide additional reserves - all of which justify monetary easing.
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