IMF says Gambian central bank is managing well
Significant policy rate cuts are “appropriate” in light of falling inflation, IMF report says
A staff report by the International Monetary Fund had positive words for the Central Bank of the Gambia’s conduct of financial stability and monetary policy.
The report welcomed the CBG’s introduction of central bank bills to improve its management of the banking sector’s liquidity, and said its monetary policy stance was “appropriate” in light of falling inflation rates.
The CBG has cut interest rates significantly since 2017, lowering them by 950 basis points to 14.5% by the end of that year
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