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Investor Presentaiton

Gradual rise in inflation 9 % 7 5 3 Annual % change Forecast 6 4.5 3 1.5 1 0 2000 2003 2006 2009 2012 2015 2018 2021 Quarterly -90-day interest rate CPI inflation (RHS) Source: The Treasury, HYEFU 2017 8
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