Bloomberg News

Gambia’s Central Bank Lowers Rediscount Rate to 14%

October 28, 2011

Oct. 28 (Bloomberg) -- Gambia’s central bank cut its rediscount rate by 1 percentage point to 14 percent today, with inflation expected to be within a 6 percent target for the rest of the year.

The economy will expand 5.5 percent this year, compared with 6.1 percent in 2010, the Banjul-based Central Bank of the Gambia said in an e-mailed statement today.

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


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