The Reserve Bank continues to expect positive domestic economic activity in the medium term. Foreign reserves remain at comfortable levels above the minimum of 3 months of imports cover, while inflation is below the Reserve Bank’s reference rate of 5%. Credit growth is expected to remain strong underpinned by excess liquidity in the banking system and banks new strategies and competition for lending. The Reserve Bank considers its current accommodative monetary policy stance appropriate at this time. However, the Reserve Bank continues to be vigilant in closely monitoring developments in the domestic and global economies and stands ready to adjust its monetary policies, to ensure financial and macroeconomic stability are maintained.

The Reserve Bank still expects domestic economic activity to remain positive in the medium term. Foreign reserves is at comfortable levels above the minimum of three months of imports cover, and inflation is below the Reserve Bank’s reference rate of 5%. The Reserve Bank considers its current accommodative monetary policy stance to still be appropriate at this time. Nevertheless, the Reserve Bank continues to closely monitor developments in the domestic and global economies and stands ready to adjust its monetary policies, to ensure financial and macroeconomic stability are maintained. 

The Reserve Bank expects domestic economic activity to remain positive in the medium term. Furthermore, foreign reserves is also expected to remain at comfortable levels, while inflation will continue to remain below the Reserve Bank’s inflation reference rate of 5% per annum throughout 2019. The Reserve Bank will maintain its monetary policy stance, continue to closely monitor developments in the domestic and global economies, and make adjustments to its policies, to ensure financial and macroeconomic stability are maintained.

The Reserve Bank expects domestic economic activity to remain positive in the medium term. Furthermore, the foreign reserves is expected to remain at comfortable levels and inflation to continue remaining below the Reserve Bank’s inflation reference rate of 5% per annum throughout 2019. The Reserve Bank will continue to closely monitor developments in the domestic and global economies to ensure financial and macroeconomic stability are maintained.

The Reserve Bank expects domestic economic activity to remain positive in the medium term. Furthermore, the foreign reserves is expected to remain at comfortable levels and inflation to continue remaining below the Reserve Bank’s inflation reference rate of 5% per annum throughout 2019. The Reserve Bank will continue with the current monetary policy measures to ensure external viability and external stability.

The Reserve Bank expects domestic economic activity to remain positive in the medium term. Furthermore, the foreign reserves is expected to remain at comfortable levels and inflation to continue remaining below the Reserve Bank’s inflation reference rate of 5% per annum throughout 2019. The Reserve Bank will continue with the current monetary policy measures to ensure external viability and macroeconomic stability is maintained. 

The Reserve Bank expects strong domestic economic activity to remain in the medium term. Furthermore, the foreign reserves is expected to remain at comfortable levels and inflation to remain below the Reserve Bank’s inflation reference rate of 5% per annum throughout 2019. Therefore, the Reserve Bank will continue with the current monetary policy measures to ensure external viability and external stability. 

The Reserve Bank’s outlook for strong domestic economic activity remains in the medium term despite the seasonal slowdown in activities over the month of January. The level of foreign reserves is expected to remain at comfortable levels. Inflation is
expected to remain below the Reserve Bank’s inflation reference rate of 5% per annum throughout 2019. The Reserve Bank will continue to closely monitor developments in the domestic and global economies to ensure financial and macroeconomic stability are maintained and to change its monetary policy setting where necessary to support its monetary policy objectives.

The Reserve Bank’s outlook for strong domestic economic activity remains in the medium term. The level of foreign reserves is expected to remain at comfortable levels, supported by expected receipts of budgetary support and grant funds from development partners, on-going receipts of remittances and the deferment of the principal loan repayment to the EXIM Bank of China. This will be partially offset by the anticipated increase in imports. Inflation is expected to remain below the Reserve Bank’s inflation reference rate of 5% per annum in 2019. The Reserve Bank will continue to closely monitor developments in the domestic and global economies to ensure financial and macroeconomic stability are maintained and to change its monetary policy setting where necessary to support its monetary policy objectives.

The Reserve Bank’s outlook for strong domestic economic activity remains in the medium term. The level of foreign reserves is expected to remain at comfortable levels, supported by expected receipts of budgetary support and grant funds from development partners, higher receipts of remittances and the deferment of the principal loan repayment to the EXIM Bank of China. This will be partially offset by the anticipated increase in imports. Inflation is expected to fall below the Reserve Bank’s inflation reference rate of 5% per annum in 2019. The Reserve Bank will continue to closely monitor developments in the domestic and global economies to ensure financial and macroeconomic stability are maintained and to change its monetary policy setting where necessary to support its monetary policy objectives.