At least 22 banks commit to cutting lending rates
The reductions generally range from 1.5 to 2 percentage points per year compared with banks’ standard lending rates.
Banks ordered to cut deposit and lending rates
The move is part of efforts to maintain macroeconomic stability, control inflation and support economic growth.
Fuel import tariffs reduced to 0% amids Middle East tensions
The preferential import tax for unleaded petrol is slashed from 10% to zero from March 9 to April 30.