Monetary Policy
MPC Press Release - Sept. 2016
Monday, 19 September 2016 00:00

In assessing the current economic conditions, the Committee noted the moderation in headline inflation since the July meeting on the back of continued cedi stability, easing inflation pressures, and tight credit conditions which implicitly reflect continued monetary policy tightness. This, together with projections of tighter fiscal consolidation and lower growth, contributed to the inward shift in the forecast horizon from the third quarter to the second quarter of 2017.

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