February 2022 Monetary Policy Statement
The conservative monetary targeting framework currently being pursued by the Bank has seen quarterly growth in reserve money being successfully contained within desired targets throughout 2021.
Monetary Policy Statements
August 2021 Mid-Term Monetary Policy Statement
This Monetary Policy Statement (the Statement) comes at a time when Government has ably shown steadfast commitment to sustaining the economic reform momentum. Despite the difficulties caused by the Covid19 pandemic, the economy is on the rebound.
February 2021 Monetary Policy Statement
Improved production and productivity will be key in sustaining the macroeconomic trajectory of growing the economy by 7.4% in 2021 and above 5% thereafter as envisaged in the NDS1. In this regard, the Bank affirms its commitment to continue ensuring a hawkish monetary policy stance, as well as sound financial conditions through its conservative monetary targeting framework.
August 2020 Monetary Policy Statement
This Monetary Policy Statement outlines the monetary policy stance being pursued by the Bank in the second half of 2020.