Monetary Policy
MPC Press Release - July 2016
Monday, 18 July 2016 00:00

The latest update of the Bank’s Composite Index of Economic Activity (CIEA) reflects some modest pickup in the second quarter of 2016, although at a slower pace than the same period last year. Indicators that accounted for growth in the CIEA were industrial electricity consumption, port activities and domestic VAT collections. Also, the latest consumer survey pointed to positive sentiments about the expected changes in household finances and the economic situation.pdf-logoDownload full text in PDF


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