sentences: lower year-on-year inflation rates for food, beverage and tobacco (fbt), clothing and services offset higher inflation rates for fuel, light and water - the highlights of the discussions of the 30 june 2005 monetary board meeting were approved by the monetary board during its meeting held on 4 august 2005. namely: the deputy governor for the monetary stability sector, the deputy governor for supervision and examination sector, the assistant governor, monetary policy sub-sector and the managing director of the treasury department.