Monetary Policy Annoucement
29 September 2023
Monetary Policy Announcement - September 2023
Despite some signs of resilience earlier in the year, continued though slowing inflationary pressures, still relatively high interest rates and the impact of geopolitical tensions pose immediate constraints to global economic activity.
30 June 2023
Monetary Policy Announcement - June 2023
The international economic recovery is slowing down. Key factors include the ongoing Russia-Ukraine conflict and the impact of tightening of monetary policies to contain inflation.
31 March 2023
Monetary Policy Announcement - March 2023
The global economy is rebounding faster than earlier anticipated from the COVID-19 pandemic. However, the headwinds of persistent inflation, ongoing geopolitical tensions and fresh financial stability concerns in early 2023 cloud the outlook.
30 December 2022
Monetary Policy Announcement - December, 2022
The global economy was faced with multiple headwinds in 2022. The spillover effects of the Russia-Ukraine war, a sharp slowdown in China, and widespread inflationary pressures dampened global growth.
30 September 2022
Monetary Policy Announcement - September 2022
The recovery of the global economy in recent months has not been smooth, and growth forecasts have been downgraded. Many central banks continued to raise policy rates as inflation soared past target levels.
24 June 2022
Monetary Policy Announcement - June 2022
The outlook for the global economy is less upbeat than at the beginning of this year. Indications that the conflict between Russia and Ukraine will be protracted point to longer supply disruptions in energy, grain and fertilizer markets.
25 March 2022
Monetary Policy Announcement - March 2022
Global economic uncertainty accelerated in the first quarter of 2022 in the wake of Russia’s invasion of Ukraine and its likely impact on already surging inflation across the world.
31 December 2021
Monetary Policy Announcement - December 2021
Global inflationary pressures, influenced mainly by supply-side constraints, mounted during the second half of 2021. Such pressures led to a tightening of monetary policies in several countries.
30 September 2021
Monetary Policy Announcement - September 2021
Overall global economic performance continues to recover, underpinned by widespread vaccination efforts, easing of pandemic restrictions and accommodative fiscal and monetary policies. Nonetheless, the pace of recovery across countries is very uneven, given varied access to vaccines and the resurgence of the virus in many areas.
25 June 2021
Monetary Policy Announcement - June 2021
The global economic recovery is underway, with the International Monetary Fund forecasting a global expansion of 6.0 per cent for 2021.
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