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Will the policy rate stay put?
EDITORIAL: The Monetary Policy Committee meeting to review the 11.5 percent policy rate is scheduled for 26 October and there are serious concerns that the rate may be raised as inflation remains in double digits due largely to the rise in the international prices of petroleum and products as the Middle East conflict will enter eighth month on the 1 November. In May, the Consumer Price Index (CPI) was 11.7 percent, in June 11.1 percent, dipping in July to 9.2 percent and rising again to 11.1 percent in August and with a less than one per cent decline in September to 10.3 percent. In contrast, ...
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