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MEFD March 2008

Published: Friday May 2nd, 2008

Preliminary indicators for the month of March suggested a continuation of a mild economic outturn, supported by relatively stable growth in consumer spending and net tourism inflows; and, as anticipated, with less contribution from foreign investment activity. Monetary developments featured strong growth in both liquidity and external reserves, following the receipt of proceeds from the Government’s US$100 million bond issue; and credit quality indicators of commercial banks’ loan portfolios remained relatively stable over the end-December 2007 levels.

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