Online Banking

Monetary Policy Graph

Press Releases


MPC Press Release - November 2013

The Committee held the view that the upside risks to inflation, though elevated, are mainly structural and therefore may not need to be addressed by a policy rate adjustment at this time. On the other hand there are no significant risks to growth. Consequently, the Committee decided to maintain the policy rate at 16.0 percent. The Committee will continue to monitor developments and take appropriate action if required.

pdf-logoDownload full text in PDF

 
MPC Press Release - September 2013

Growth remains subdued, while market volatility and stability risks persist. Economic activity in advanced economies has recorded some improvements. In contrast, the growth momentum in emerging and developing markets has slowed, with challenges arising from domestic and external developments.

pdf-logoDownload full text in PDF

 
MPC Press Release - July 2013

In the circumstance, the Committee is of the view that the current monetary policy stance is appropriate and therefore decided to maintain the policy rate at 16 percent.

pdf-logoDownload full text in PDF

 
MPC Press Release - May 2013

On balance, the Committee held the view that risks to the inflation outlook were elevated and outweighed the risks to growth and therefore decided to increase the policy rate from 15 percent to 16 percent.

pdf-logoDownload full text in PDF

 
MPC Press Release - February 2013

The economic climate is projected to be more favourable in 2013 than 2012, but growth prospects still remain fragile. Going forward, the global economy is likely to face lesser challenges. Consequently, growth is forecast to strengthen to 3.5 percent in 2013.

pdf-logoDownload full text in PDF

 
«StartPrev12345678910NextEnd»

Page 1 of 12

About the Bank