Bank of Ghana pauses policy easing on inflation worries
Central bank holds interest rates at 21% to see if external pressures will prove persistent
The Bank of Ghana has hit the “pause” button on its easing cycle on fears inflation could rise in the coming months.
“The monetary policy stance has eased in line with declining inflation and underlying inflation pressures since the beginning of the year,” the bank says in a statement released on September 25.
However, at its meeting, the central bank’s monetary policy committee decided risks to the inflation outlook required them to “pause the easing cycle” to examine whether initial signs of
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