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    <title>Third Quarter Review of Monetary Policy 2013-14</title>
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    <description>The central bank raised the repo rate by 25 basis points to 8.0 per cent, left the CRR at 4.0 per cent, fixing reverse repo at 7.0 per cent and MSF/Bank Rate at 9.0 per cent. This tightening responds to elevated core and services inflation despite easing headline CPI from food price declines. The Bank undertook term repos and open market purchases to manage liquidity pressures, noted an improved external position with a lower CAD expectation, and committed to two monthly policy reviews with further action data dependent and aligned to the recommended disinflation glide path.</description>
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