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MPC press release
MPC Press Release – November 2019
On the domestic front, growth momentum continues to remain strong and has been sustained since last year. The Bank’s updated Composite Index of Economic Activity (CIEA) continues to show a steady pick-up in economic activity. The CIEA recorded an annual growth of 4.4 percent in September 2019, compared with 5.8 percent in the corresponding period of 2018. The key drivers of economic activity during the period were port activity, domestic consumption, tourist arrivals and DMB’s credit to the private sector.