The repo rate is currently at 8.25% and the prime lending rate is at 11.75%.

Economist Xhanti Payi says the MPC will consider both local and international factors in its decision, as the country faces tough economic times.

He advises consumers to seek professional help and negotiate with creditors to avoid further financial distress. He says: "We are already tightening our belts so much, they are probably hurting our spine."

--Reuters--