LPEM COMMENTARY BI BOARD OF GOVERNORS’ MEETING OCTOBER 2016

Highlights

  • BI needs to hold benchmark rate at 5% for now
  • Inflation by end of the year to be within BI’s target range but close to the lower bound
  • Concern on Fed rate hike to counteract case for BI rate cut from soft inflation rate
  • Reverse Repo Rate fall short of its promise in its first 6 months.

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