Monetary Policy
Press Releases
MPC Press Release - January 2006
Tuesday, 31 January 2006 00:00

The latest Consumer Price Index (CPI) numbers point to steadily diminishing inflationary pressures. Monthly price changes in the third and fourth quarters of 2005; which came in at –0.1 and 0.1 percent respectively, averaged the lowest in the last six years. Food prices recorded an average monthly change of –0.2 and 0.0 percent in the third and fourth quarters of 2005 while non-food prices rose by 0.4 and 0.3 percent per month.

Read more...
 
MPC Press Release - November 2005
Wednesday, 30 November 2005 00:00

Developments in the Consumer Price Index (CPI) indicate that underlying inflationary developments continue to be relatively subdued with monthly price increases remaining low and within a narrow band. The CPI recorded an average monthly decline of 0.1 percent through the third quarter or 2005, the lowest in the last six years. Food prices declined by an average of 0.2 percent in the third quarter while non-food prices increased by 0.4 percent (the lowest in the last seven years).

Read more...
 
MPC Press Release - September 2005
Friday, 30 September 2005 00:00

Macroeconomic developments through the first two months of the third quarter of the year indicate that inflationary expectations remain increasingly subdued, the exchange rate stable, and the external payments position relatively strong. This is against the background of continued fiscal consolidation underpinned by robust revenue growth and with government spending kept close to budgeted levels.

Read more...
 
MPC Press Release - July 2005
Friday, 29 July 2005 00:00

Developments in the Consumer Price Index during the second quarter of the year indicate that inflation continues to decline, and prices are increasing at a slower pace than in the same period in 2004. Headline consumer price Inflation fell for the third consecutive month from 16.7 percent in March 2005 to 15.7 percent in June on a year-on-year basis.

Read more...
 
MPC Press Release - May 2005
Tuesday, 31 May 2005 00:00

The latest numbers indicate that the impact of the recent 50 percent petroleum price increase on headline consumer price Inflation has been absorbed; the underlying inflationary pressures in the economy continue to be subdued and core inflation indicators are stable and trending downwards, underpinned by strong economic fundamentals. After a jump from 11.6 percent in January 2005 to 14.0 per cent in February, and 16.7 percent in March, which interrupted the disinflation process underway, headline inflation declined marginally to 16.6 percent in April.

Read more...
 
«StartPrev21222324252627282930NextEnd»

Page 28 of 31

Press Releases