Sierra Leone Central Bank Cuts Rate 300bps to 20.00%

The Bank of Sierra Leone cut its monetary policy rate by 300 basis points to 20.00% from 23.00% previously; also changing the Reverse Repo Rate to 22.00%, Rediscount Rate to 24.00%, and Standing Facility Rate at 27%. The Bank said: "The MPC discussed the appropriateness of the Bank's monetary policy stance in light of observed tight liquidity in the money market