Jul 23 2016

Rate Range Projection by Bank

Next week 105.00 –107.50

Next 3 months 98 - 108.00

The below is a topic from market news

It is likely to cut its inflation forecasts but only slightly, which may allow the bank to justify standing pat for the time being.

Still, it is uncertain whether the bank can avoid delaying the time frame for meeting its 2 percent inflation target, suggesting that its rate decision will be a close call.