Monetary Policy
Monetary Policy Rate (MPR) reduced by 150 bps to 13.5 %

Monetary Policy Committee

Press Release

July 16, 2010


Ladies and Gentlemen of the Media, welcome to the 40th press briefing of the Monetary Policy Committee.

The Committee has undertaken a review of macroeconomic performance for the first half of 2010 and the economic outlook for the rest of the year. We covered trends in the global outlook, inflation and the factors underlying it, the execution of the 2010 budget, growth prospects, assessment of business and consumer confidence, the stability of the financial system and developments in the external sector.

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