MEFD August 2014
Published: Wednesday October 1st, 2014
Preliminary indicators suggest the continuation of a mildly positive growth outcome during the month of August, supported by on-going gains in tourism and a stable contribution from foreign investment-led construction activity. Consumer prices remained relatively subdued over the twelve-months to July, as fuel costs sustained their downward trajectory. In the monetary sector, July’s short-term contraction in bank liquidity was reversed in August, while external reserves fell, mainly due to the seasonal increase in foreign currency demand to facilitate current payments.
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