Central Bank injects US$100M

[NewsWhore]

The Central Bank has announced that it will inject US$100 million of international reserves into the market to compensate for the rising costs of imported foods. The Central Bank says that the move is intended to mitigate some of the effects of record fuel prices on the cost of consumer goods and transport. El Caribe reports that the Central Bank is continuing with its 2008 monetary policy and that the move will allow adjustments to the aggregate demand, which tends to rise in pre-election periods, creating inflationary pressures. National Business and Traders Federation (FENACERD) president Antonio Cruz Rojas said that his organization welcomed the injection of the money into the market.

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