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Slashes Key Rate

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60 days ago

Policymakers said the economy “continues to return to a balanced growth path” despite an uptick in inflation in January.

3 months ago

Policymakers said inflationary risks remain elevated and have risen slightly in recent months, prompting the more modest 0.5% rate cut.

7 months ago

The move is likely to be welcomed by jittery businesses as high borrowing costs and a slowing economy increasingly overshadow inflation risks.

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