cbn statement, 2011-09-19
For the reasons above, combined with the staff projections of increased inflationary trends before a return to reduced inflation over the next six months, it is necessary to increase the MPR by 50 basis points as a precautionary measure to obviate the inflationary factors that still lie ahead and to consolidate the evident gains of the monetary tightening stance maintained by the MPC over the past several months.
Sentiment: neutral
Topic: mp_interest_rate