Monetary Policy
MPC Press Release - May 2016
Monday, 16 May 2016 00:00

Recent developments in prices remain in line with our earlier forecasts that inflation will peak in the first quarter of 2016 and decline thereafter supported by continued policy tightness and stability in the local currency. The latest forecast reinforces the earlier forecasts that inflation will gradually decline from the second quarter towards the target band by mid-2017, barring any unanticipated shocks. pdf-logoDownload full text in PDF

 

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