Tag: Monetary policy
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BoG maintains monetary policy rate at 29.5%
Cost of borrowing is expected to remain high at least for the mean time as the Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 29.5 percent. This is the first time this year that the Central Bank is maintaining the key rate. The monetary policy rate, which is…
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US Fed meets inflation surge with 75bp hike
The US Federal Reserve voted 10–1 to increase the policy rate by 75 basis points today (June 15), executing its largest rate hike in 28 years as inflation unexpectedly surged. The consumer price index rose by 8.6% over the year ending in May, the highest increase since 1981 and a reversal of April’s short-lived decline…
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![Bank of Ghana’s March 2022 Monetary Policy Committee briefing [Full text]](https://citibusinessnews.com/wp-content/uploads/2022/03/Bank-of-Ghana-732x375-1.jpeg)
Bank of Ghana’s March 2022 Monetary Policy Committee briefing [Full text]
The Bank of Ghana (BoG) has increased the Monetary Policy Rate by 250 basis points to 17 percent. This is the first time the Central Bank has increased the key rate since November 2021. In his address to the media on Monday, March 21, 2022, Governor of the Central Bank, Dr. Ernest Addison, noted that all…
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![Accommodating is watchword for monetary policy in 2021 [Article]](https://citibusinessnews.com/wp-content/uploads/2021/04/Grace-Isaac-Aryee-Treasurer-FBNBank-Ghana-Limited.jpg)
Accommodating is watchword for monetary policy in 2021 [Article]
At its recent meeting, the Monetary Policy Committee (MPC) of the Bank of Ghana decided to keep the policy rate at 14.50% for the sixth consecutive time. The decision normally is a reflection of the Central Bank’s assessment of inflationary pressures, liquidity and growth prospect of the economy. In taking the recent decision, the Committee…