Rate Hike With Little Conviction
of March 2023
The Central Bank raised the monetary policy rate from 75 to 78%, that is, from 107.35% to 113.31% in terms of the effective rate, which is the one that matters. The minimum rates that banks must pay to firms and households also rose 3 percentage points. It is 69.5% for firms and 78% for people with up to 10 million ...