Consequent upon the threat of high inflation being reduced, BoU reduced CBR 11.5 in December 2013 and further to 11 percent in June 2014. The annual core inflation rate has fallen in 2014 but is forecast to edge over 5 percent over the next 12 months due to exchange rate depreciation which has occurred in 2014 and early 2015 due to domestic demand.
We need to look at these world-wide problems, and the financial risks they cause, in a holistic manner. Closing remarks Ladies and gentlemen, I’ve already kept you long enough. Drinks and dinner are waiting. You should start enjoying the wonderful offerings of this age-old hotel beyond just sitting here and listening to me orating about black and green money.