Monetary Policy
MPC Press Release - Nov. 2015
Monday, 16 November 2015 00:00

Assessment of current economic conditions show that though monetary policy remains tight, some additional tightening is required to re-anchor the displaced inflation expectations. This, together with the on-going fiscal consolidation, is expected to break the high inflation inertia. Our current forecasts show that without any additional policy adjustment, inflation is likely to drift farther away from the target band and lengthen the forecast horizon into late 2017.

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