- Rate cut to 7.5% was unanimous.
- Sees economic recovery underway.
- Cuts rate to record low 7.5% on slow economic rebound.
- Lowers benchmark rate for ninth straight time to boost sluggish economy.
- The bank has made the assessment that inflation is not getting out of hand .
- The stimulus is being offset by a slowdown in the global economy that has hurt exports and battered manufacturers.
Damm if this doesn’t sound familiar .
