cbn statement, 2011-11-21
A combination of marginal reduction in core inflation to 11.5 per cent in October 2011 from 11.6 per cent in September 2011 and staff projections that the effects of recent extensive monetary tightening measures agreed at the extraordinary meeting of the MPC on 10 October 2011 have yet to be fully transmitted into the economy.
Sentiment: neutral
Topic: mp_inflation