• The bank has cited rising food inflation and the need to contain inflation expectations.• Inflation moved away from the current and projected target range
• The Monetary Policy Committee took into account the actual annual average inflation of 9.6% in quarter one.• BoZ projection is that inflation rate would
• The decision was underpinned by the projection that inflation will increase and remain above the target range.• Inflation continued to decline in the fourth
• This is in consideration of the maintenance of inflation rate at single digit.• Single digit inflation has been supported by fiscal consolidation measures arising
• The Committee considered the sharp deceleration in inflation in the second quarter of the year.• Inflation is projected to decline to averages of 11.4%