Q:

The Central Bank has cut (1)/ Its policy repo rate by fifty basis points (3)/ but only a few banks has (3)/ lowered their base lending rates (4)/ No error (5). 

• 1
  The Central Bank has cut
• 2
  Its policy repo rate by fifty basis points
• 3
  but only a few banks has
• 4
  lowered their base lending rates
• 5
  No error