The Bank Rate was maintained at 4.75 percent at the Monetary Policy Committee (MPC) meeting held on February 26, 2020. Inflation was constant at 2.2 percent between December 2019 and January 2020, remaining below the Bank’s objective range of 3 – 6 percent. Inflation is forecast to revert to within the objective range in the second quarter of 2020 and into the medium-term.
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