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Wednesday, January 11, 2012 - 6.55 GMT

No change in policy interest rates – CB

 

The Monetary Board of the Central Bank (CB) decided to maintain the policy interest rates of the Bank unchanged.

Accordingly, the Bank’s Repurchase rate at 7.00 per cent and the Reverse Repurchase rate remain at at 8.50 per cent.

The ongoing structural changes in the economy are also likely to be reflected in the external sector, with earnings from tourism projected to increase to US dollars 1.2 billion, migrant worker remittances expected to increase to US dollars 6.5 billion, foreign direct investment (FDI) projected to record US dollars 2.0 billion, and inflows of debt capital to the private sector also expected to increase significantly in 2012, the Bank said.


 

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Last modified: January 11, 2012.

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