MPC Raises Policy Repo Rate to 5.5% and Outlines Inflation Outlook

The Monetary Policy Committee’s rate decision and change in policy stance are summarized alongside its inflation outlook. The update explains what factors may shape the duration and extent of further rate increases.

- Policy decision: 25-basis-point increase to 5.5% and a shift to calibrated tightening; near-term rate cuts are ruled out.
- Outlook: CPI inflation projections for the current year and next year’s first quarter, with risks described as evenly balanced.
- Considerations: Growth, underlying inflation, broader price pressures, supply-shock effects, and demand impulses.

A concise briefing for those following monetary policy and inflation; viewers can use it to track the economic indicators the MPC says will inform future decisions.