Iraq central bank to cut policy rate to 7 percent
By: AFX | 18 Jun 2009 | 01:58 AM ET
BAGHDAD, June 18 (Reuters) - Iraq's central bank will cut its policy rate to 7 percent from 9 percent as of June 21, a senior advisor to the bank said on Thursday. The move reflects the bank's policy of keeping real interest rates two points above core inflation, the adviser, Mudher Kasim, told Reuters in an e-mail.
By: AFX | 18 Jun 2009 | 01:58 AM ET
BAGHDAD, June 18 (Reuters) - Iraq's central bank will cut its policy rate to 7 percent from 9 percent as of June 21, a senior advisor to the bank said on Thursday. The move reflects the bank's policy of keeping real interest rates two points above core inflation, the adviser, Mudher Kasim, told Reuters in an e-mail.