The ratio of non-performing loans to total loans stood at 4.5 per cent in March 2020. The Bank is closely monitoring the situation and is conducting regular stress testing exercises. MPC decision 37. I now come to the decision of the MPC. 38.
The MPC discussed the implications of the pandemic on the domestic economy and the previous cumulative 150 basis points cut in the KRR. Members viewed that the cuts are still working through the economy and that the current monetary policy stance is appropriate. 39.