November 22, 2016/Cordros Research

The Monetary Policy Committee (MPC) meets this week, and — except for emergency call for Extraordinary Meeting — for the last time this year. Compared to the last meeting in September, it would appear that the forthcoming meeting is not widely anticipated — especially among local observers — given that the Committee is unlikely to unveil or announce any policy changes. Whilst expecting status quo, also in line with Bloomberg consensus, we look forward, specifically, to the Committee’s report on its assessment of the impact of monetary tightening and flexible foreign exchange rate policy on the transmission of foreign inflows into the economy.

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