sentences: the monetary board decided to: a) maintain the overnight rrp (borrowing) rate at 4.50 percent; and b) maintain the current overnight deposit and overnight lending rates at 4.00 percent and - the monetary board (mb) deemed the prevailing monetary policy settings to be appropriate, with latest baseline inflation forecasts settling within the target range of 3.0 percent ± the mb also noted that while real sector activity moderated in the first quarter of the year, overall domestic economic activity is likely to remain firm, supported by a projected recovery in household spending and the continued implementation of the government’s infrastructure spending program.