The Monetary Policy Committee (MPC) has decided on September 28, 2023 to continue the monetary tightening process in order to establish the disinflation course as soon as possible, to anchor inflation expectations, and to control the deterioration in pricing behavior. Accordingly, the Committee raised the policy rate (the one-week repo auction rate) from 25 percent to 30 percent. Detailed report may be viewed at the following link: https://shorturl.at/tFZ27
Source: IBP