Central bank cuts benchmark interest rate to 3.6%, marking third reduction this year under monetary policy guidelines

A central bank reduced its benchmark interest rate by 0.25% to 3.6%, marking the third cut within the year. This decision follows previous reductions from 4.35% in February and 4.1% in May. The rate cut aims to address slowing economic growth and declining inflation. This adjustment represents the lowest interest rate level since March 2023.