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N. Macedonia's c. bank raises key rate

Banking

Photo by BrankoG / Shutterstock.com

North Macedonia's central bank said on Wednesday it decided to raise its policy rate by 0.25 percentage points, to 1.5%, as a preventive response to the expectations for higher inflation and the downside risks related to it in the forthcoming period.

The latest data shows that inflation continues to accelerate, mostly due to the rise of import prices, especially those for energy and food, the central bank said in a statement.

North Macedonia's average annual consumer price inflation accelerated to 8.8% in March from 7.6% in February, Makstat said last week. 

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