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Statement on the Monetary Council Meeting of 05 August 2002


At its meeting on 5 August 2002, the Monetary Council considered the latest economic and financial developments and left the central bank base rate unchanged at 9.50%.

The Council also discussed and approved the Bank's Quarterly Report on Inflation to be published on 15 August. A separate statement will be released on the Council's evaluation of the situation in the context of the Report.