Bank of Ghana cuts rates as economy stabilises
Central bank lowers interest rates to 17% as inflation moderates to the middle of the target
The Bank of Ghana cut interest rates by 100 basis points on May 21 as risks to the domestic inflation outlook dissipated.
Members of the central bank’s monetary policy committee voted to lower interest rates to 17%, adding the committee was “ready to take the appropriate policy measures” should threats to inflation outlook emerge in the future.
“While global and domestic developments do not yet pose a threat to inflation in the near term, recent changes in global financing conditions and its
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