Monetary Policy
MPC Press Release - February 2012
Wednesday, 15 February 2012 14:27
The Committee concluded that the balance of risks to inflation is elevated. To contain future inflation pressures and realign interest rates in favour of domestic assets, it is necessary that monetary policy continues to be fine tuned to ensure that inflation expectations remain anchored to keep inflation within the target band.  Therefore, the Monetary Policy Committee has decided to increase the Monetary Policy Rate by 100 basis points to 13.5 per cent.

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