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MPC Press Release - February 2012 |
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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MPC Press Release - December 2011 |
In the assessment of the Monetary Policy Committee the risks to the outlook for inflation and growth are fairly balanced. The Committee has therefore decided to maintain the policy rate at 12.5 per cent.
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MPC Press Release - October 2011 |
Given the assessments and the balance of risks to inflation and growth, the MPC has decided to maintain the Monetary Policy Rate at 12.5 per cent.
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MPC Press Release - September 2011 |
Despite the improved macroeconomic fundamentals, upside risks to inflation are emerging in the form of the adjustment in utility tariffs, wage pressures and other oil-induced and external pressures that may result in the overheating of the economy.
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MPC Press Release - July 2011 |
The current state of the economy and the assumptions on both the domestic and external economic outlook as well as the inflation forecast suggest that in the near term, stable and favourable economic conditions will hold.
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