Last week, the Monetary Policy Committee (MPC) delivered its first interest rate cut since July 2016—the Central Bank Rate (CBR) was lowered by 50 basis points to 9.5 per cent.
The decision showed more confidence in the strength of the economy. And signs that the move was well received, the markets gave a nice little nod: NASI, NSE 20 and NSE 25 rose 4.4 per cent, 1.2 per cent and 3.9 per cent, respectively.
