The Monetary Policy Committee (MPC) held its last meeting of the year on the 22nd and 23rd of November 2021 where it unanimously voted to hold all parameters constant. In reaching its decision, the Committee acknowledged being faced with a policy dilemma. However, it maintained that its existing accommodative stance in the past has supported economic growth – GDP grew by 4.03%YoY vs 5.01%YoY in Q2:2021. Headline inflation also moderated further (to 15.99% vs 16.63% in September). While the Committee noted that the sustained interventions by the Apex bank should propel growth in the short to medium term, it recognizes the presence of key downside risks to growth – especially insecurity in key food producing areas and its effect on agriculture output.
You May Also Like
Macro-Economic Update – Post MPC-March 2023
- March 22, 2023
At its 290th meeting which ended on 21st March 2023, the Monetary Policy Committee (MPC) sustained its tightened stance by raising the…
Post MPC Report – September 2024
- October 2, 2024
Dear All, Kindly find attached the report. Regards, Post MPC Report – September 2024
Macroeconomic Update | Ahead of MPC and Post MPC | May 2021
- June 1, 2021
Find the link to the full reports below; Macroeconomic Update – Ahead of MPC May 2021 Macroeconomic Update…
Macroeconomic Update – Post MPC July 2023.
- August 8, 2023
The Monetary Policy Committee (MPC) held its fourth meeting for the year on the 24th and 25th of…
Macroeconomic Update | Post-MPC Monitor | May 2020
- May 29, 2020
The Monetary Policy Committee (MPC) held its third meeting for the year on the 28th of May 2020,…
Macroeconomic Update | Post-MPC | January 2021
- January 26, 2021
The Monetary Policy Committee (MPC) held its first meeting of the year on the 25th and 26th of…