Central Bank of The Gambia Cut Rate 100bps to 14.00%

The Central Bank of The Gambia reduced its rediscount rate by 100 basis points to 14.00% from 15.00% previously, and left the reserve requirement ratio unchanged at 12%. The Bank said: "Owing to strong growth in the emerging economies, commodity prices remain at elevated levels. This coupled with persistent excess demand in the major emerging market economies are contributing to broader...