We can attribute all these successes to the endeavour of the MSAR Government and all sectors of our community, the prosperous services industry and the locomotive effect of large scale infrastructural investments. It goes without saying that we benefit much from the strong support and continued economic growth of our Motherland.
As set forth in the baseline scenario, with a view to bringing inflation back to its 5% target, the NBU will keep its key policy rate no lower than 8.5 % at least until Q3 2022 rather than until Q2, as was expected in July. The key policy rate will be cut more gradually in 2022 than forecast before.