Weekend Post: "“The current state of the economy and the inflation forecast, suggest that maintaining the prevailing level of interest rates is consistent with the achievement of the Bank’s 3 - 6 percent inflation objective in the medium term,” the bank said in a statement.
“Going forward it is expected that the non mining Gross Domestic Product (GDP) will be below potential in the medium term and will therefore moderate inflationary pressures”, further reads the statement.
Domestic output is estimated to have increased at an annual rate of 4.1 percent in the year to September, 2011, reflecting an increase of 6.8 percent for non mining sectors while mining output fell by 1.7 percent."
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