Central Bank of Aruba 2012 annual report highlights drop in inflation
Aruba's yearly inflation average dropped from 4.4% in 2011 to 0.6% last year on the heels of reduced water and electricity tariffs, according to the Central Bank of Aruba's (CBA) annual report for 2012.
The reserve requirement – the CBA's main monetary policy tool – was maintained at 11% during the year, while the advance rate was kept at 1%.
"Although a downward trend had been observed, the international reserves remained adequate when benchmarked against GDP, the money supply and, most
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