Monetary Policy
MPC Press Release - Feb. 2015
Wednesday, 18 February 2015 00:00

 In assessing the inflation outlook, the Committee noted that inflation, which peaked in the last quarter of 2014, has begun to decline in January, 2015 on the back of tight monetary policy stance, base effects and improved inflation expectations. The Committee expressed concern about the rise in food inflation ahead of the lean season as well as the rising core inflation. However, the latest forecasts show that the disinflation is likely to continue through 2015, heading towards the target band of 8.0 ±2 percent later in 2016.

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