Bianjie

[journey]

Bank of Bianjie cuts interest rates by 25 ponits
Central bank's decision comes as a result of the general stabilisation of political situation on Dovani continent and around the world
5 May 5709



Bianjie's central financial institution, the Bank of Bianjie (BoB), also known as the Befu Ginkō (Begin), has taken an executive decision to lower the nation's interest rates by 25 basis points for the first time in 6 years, as the surrounding regional and international geopolitcal situation proved to be stabilising, opening the doors for the move from the BoB. Now, the interest rates of Bianjie sit at 1,75 per cent, the lowest in more than 15 years.

Despite the initial surprise reaction to the news, overall the decision taken by the Begin, which was unanimous decision of the Policy Board, according to the president Oboi Gilat, was in line with the expectations of most domestic economists' expectations, keeping the Bianijan currency, g'an, at the very little changes, trading slightly weaker. "From all sides of our analysis, we can clearly state that our nation is in a good place currently, our region is in a good place, and thus we are certain in our decision to cut the rates", BoB preident Gilat told the press at the press conference. 

According to the BoB's Policy Board statement, that the economy "continues to operate as usual, possibly even better", highlighting the decreasing unemployment numbers, coming down to just 8,4 per cent, as well the stabilisation of the inflation, as it fell to 5,8 per cent in March. "Geopolitical challenges across the world, and in Dovani especially, no longer are present enough to affect the economy largely, and thus we notice increases in public and private investment, defence spending, and readiness from the private sector", the statement reads.



べふ経済新聞 (Bianjie Economics Newspaper), also known as the Bekkei, is the second-largest economic newspaper in Bianjie, founded in 5561 and based in Niyalma.