Over half of these notices originated in the distribution sector; transportation accounted for close to 11 per cent of total retrenchment notices registered in 2012. •  Two, inflationary pressures have retreated from the high double digit rates that were recorded earlier in the year to more moderate levels.
This new series of TLTROs will help preserve favourable bank lending conditions and the smooth transmission of monetary policy. Looking ahead, the Governing Council is determined to act in case of adverse contingencies and also stands ready to adjust all of its instruments, as appropriate, to ensure that inflation continues to move towards the Governing Council’s inflation aim in a sustained manner.