In its assessment of the monetary policy stance, the monetary board noted that prevailing conditions continue to provide room for the [central bank] to keep its policy rates steady in the near term.

The deceleration in liquidity growth may be traced mainly to lower net credits to the public sector as a result of the improved fiscal performance.

Improved macroeconomic conditions, particularly on the fiscal front, as well as upbeat expectations for 2006 heightened investor confidence.

We are watching market developments.

We cannot rule out a tightening of monetary policy in the short run.

It may possibly be better than 53.

Renewed confidence will encourage more investment inflows. That is possible as long as the reform effort is sustained.

The expansion in the coverage of said declaration was proposed by the Anti-Money Laundering Council in order to comply with the Financial Action Task Force's Special Recommendation IX, which requires countries to have measures in place, including a declaration system or other disclosure obligation.