MPC maintains policy rate at 14.5% as economy recovers

The MPC of the BoG held the benchmark policy rate at 14.50% in line with our expectations at its Nov-2020 meeting. Macroeconomic conditions have largely improved since the last meeting. Inflation continues to ease towards the medium-term target band while economic growth has shown a faster than expected path to recovery. The exchange rate has also been broadly stable as FX reserves have been robust. Headline inflation continues on a...

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