Mongolia Cuts Interest Rates Second Time This Year to Aid Growth - Businessweek: "Mongolia’s central bank cut interest rates for a second time this year to bolster economic growth as inflation eases and foreign investment falls.
The Bank of Mongolia reduced its policy rate to 11.5 percent from the previous 12.5 percent effective April 8, according to a statement posted to its website today. The cut is aimed at increasing domestic credit and investments and stimulating business activities, it said."
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