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Yemen c.bank slashes key interest rate - SABA
February 7, 2013 / 9:41 AM / 5 years ago

Yemen c.bank slashes key interest rate - SABA

SANAA, Feb 7 (Reuters) - Yemen’s central bank cut its deposit rate, the key rate which it uses to adjust monetary policy, by 3 percentage points to 15 percent, state news agency SABA reported on Thursday.

The central bank last trimmed the rate in October, when there was a cut of 2 percentage points to 18 percent as inflation came down to single digits and the Yemeni rial stabilised following political turmoil.

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