Liberia: CBL's Board Retains 25% Monetary Policy Rate

24 November 2020

The Board of Governors of the Central Bank of Liberia (CBL), announced Monday that its Board of Directors have approved to retain the country's monetary policy rate at 25% from the previous quarter. The was said to have taken the decision during its November 17, 2020 sitting

A statement issued by the CBL notes that the decision was driven by developments in the global and domestic economies in quarter three, projected headline inflation in the bandwidth of about 14.7 plus or minus 3.0 percentage points for quarter 4, and the high level of currency outside banks.

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