Monetary Policy
MPC Press Release - November 2013
Wednesday, 27 November 2013 14:23

The Committee held the view that the upside risks to inflation, though elevated, are mainly structural and therefore may not need to be addressed by a policy rate adjustment at this time. On the other hand there are no significant risks to growth. Consequently, the Committee decided to maintain the policy rate at 16.0 percent. The Committee will continue to monitor developments and take appropriate action if required.

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