The Bank Rate was maintained at 5 percent as decided at the Monetary Policy Committee (MPC) meeting held on June 19, 2018. The outlook for price stability remains positive as inflation is forecast to be within the 3 – 6 percent objective range in the medium term.  Meanwhile, inflation decreased marginally from 3.4 percent in April to 3.3 percent in May 2018.

Read Monetary Policy Committee decision statement