sentences: the advisory committee [1] submitted the following recommendations for the consideration of the monetary board: overnight rrp (borrowing) rate and 7.0 percent for the overnight rp (lending) rate; the recommendation to keep monetary policy settings unchanged was based on the following assessments: depending on the movements in oil and non-oil commodity prices, inflation could settle above the 2008 inflation target range but will be within the 3.5 percent ± 1.0 percentage point target range for 2009. side, and the use of monetary instruments against such influences may have less effect compared with direct supplyside intervention measures.