Highlights
- BI should maintain its benchmark interest rate at 5% in the upcoming RDG
- Inflation in 2016 will be within BI's target at the lower end of the range.
- The Fed's plan to increase its benchmark interest rate offsets BI's reasons for lowering its benchmark interest rate due to low inflation
- BI 7-days Reverse Repo Rate have not succeeded in achieving the target in the first 6 months.
