The Central Bank highlighted that it remains committed to achieving price stability and anchoring inflation expectations.
The Governor of the Central Bank, Dr. Ernest Addison said in the Committee's assessment risks to the inflation profile remain elevated driven by the second-round effects of food prices.
Speaking at a press briefing after the 114th Monetary Policy Committee (MPC) meetings held on Monday, September 25, 2023, Dr. Addison said the decision by the Central Bank to stay the policy rate is to quicken the path of disinflation on the back of underlying global pressures.