Monetary Policy Announcement

Inflation Continues Downward Trend: Central Bank Lowers Repo Rate By 50 Basis Points To 6.25 Per Cent

The Central Statistical Office show that inflation continued on a downward trend for the fourth consecutive month. Headline Inflation, measured by the 12-month increase in the Index of Retail prices, fell to 4.3 per cent in August 2009 from 5.9 per cent in the previous month and from 11.6 per cent at the start of the year.

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Inflation Falls: Central Bank Lowers Repo Rate by 50 Basis Points to 7.5 Per Cent

Central Bank Lowers Repo Rate By 50 Basis Points to 7.5 Per Cent. The Central Statistical Office indicate that headline inflation, measured by the 12-month increase in the Index of Retail Prices, slowed to 10.3 per cent in May 2009 from 11.9 per cent in the previous month..

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