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BoG to slow monetary policy easing – GN Research

  • Thursday, 15 February 2018 10:43

The central bank’s fast pace of monetary policy easing is expected to slow down this year on the account of high inflationary pressures, Groupe Ndoum (GN) Research has forecasted.

The Monetary Policy Committee (MPC) of the Bank of Ghana last year reduced the policy rate by a cumulative 550 basis points with the trend tipped to continue into 2018, but GN Research is forecasting a slow-down in the rate of reduction.

At the first MPC meeting for 2018, the central bank stayed the policy rate at 20 percent – citing a  rise in inflationary pressures, the same reason GN Research is attributing in its forecast released last week.

 

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