The CBB has decided to raise its key policy interest rate by 25 basis points.

Effective immediately, the CBB’s rate on the overnight deposit facility is 0.50 per cent, from 0.25 per cent previously.

The one-week deposit facility is 0.75 per cent from 0.50 per cent previously, and the CBB has decided to keep the repo and lending rates at 2.25 per cent.