Monetary Policy
MPC Press Release - Jan. 2017
Monday, 23 January 2017 00:00

Economic activity remained modest throughout the year, against the backdrop of policy tightness, oil and gas production challenges at the Jubilee field, and lingering consequences of the power supply constraints. The updated CIEA to November 2016 points to some moderation in the pace of economic activity reflecting declines in industrial consumption of electricity, cement sales, tourist arrivals and domestic VAT collection.

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