The tight monetary policy stance pursued by the Bank in 2021 resulted in sustained deceleration in annual inflation from 362.63% in January 2021 to 50.25% by the end of August 2021. However headline inflation, gradually rose in the last quarter of 2021 to end the year at 60.73%, driven by the sustained increase inforeign exchange parallel market premiums and thegeneral increase in global food and oil prices as a result of Covid-19 induced supply chain challenges.

Download 2021 Annual Report