Statement of the Monetary Policy Committee – 24 January 2017

Please find below the Statement from the Reserve Bank Governor regarding the Monetary Policy Committee deliberations.

Points to note are:

• The Repo rate remains unchanged at 7%
• The prime lending rate also be unchanged at 10.5%
• Headline inflation is expected to average 6.2% in 2017, compared with a previous forecast of a 5.8%

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Author: RCCI Webmaster