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MEFD July 2010

Published: Tuesday August 31st, 2010

Domestic economic activity remained relatively subdued over the review month, as continued signs of stabilisation in tourism activity––although still significantly below pre-crisis levels—occurred alongside broad-based weakness in domestic demand. Consumer price inflation, however, remained relatively benign over the first five months of the year, while monetary conditions featured a modest expansion in bank liquidity and a contraction in external reserves.

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