4. As you are aware, the Ghana Cedi has remained broadly stable during the year and we are optimistic that the cumulative depreciation for the year will remain in the single digits. This stability in the Ghana Cedi has reduced the pass-through to domestic inflation, although inflation is still above target.
To this end, it is necessary for the Bank to support economic activity by continuing with monetary easing. (2) How is an underlying inflation trend assessed? The second question is how an underlying inflation trend is assessed.