Central Bank Leaves Most Rates Unchanged

The Central Bank unexpectedly lifted its overnight deposit rate while leaving the benchmark refinancing and repo rates unchanged Monday as it seeks to curb inflation without hurting economic growth. The bank lifted the fixed overnight deposit rate to 3.5 percent from 3.25 percent, the fourth increase since December. The move was forecast by nine of 20 economists in a Bloomberg survey. The refinancing rate and overnight auction-based repurchase rates […]