Monetary Policy
MPC Press Release - Jan. 2016
Monday, 25 January 2016 00:00

Fiscal consolidation remains on track. For the first eleven months of the year, the budget recorded a cash deficit of 5.6 percent of GDP against a target of 6.8 percent. Sustaining the fiscal consolidation efforts would complement the tight monetary policy stance for the attainment of the medium term inflation target. This would, in turn, help create conditions for long term sustainable growth.

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