28 March 2024
Central Bank maintains Repo Rate at 3.50 per cent. Global economic growth for 2024 is forecast at 3.1 percent, according to the International Monetary Fund, the same rate as estimated for 2023. Most central banks in advanced and emerging market economies have either held their policy rates stable or have lowered their rates in recent months in the context of inflationary developments.
29 December 2023
Central Bank maintains repo rate at 3.50 per cent. With inflation easing faster than anticipated and prospects for a ‘soft landing’ gaining momentum across several advanced and emerging market economies, international macroeconomic conditions appear relatively less constrained towards the end of 2023.
29 September 2023
Despite some signs of resilience earlier in the year, continued though slowing inflationary pressures, still relatively high interest rates and the impact of geopolitical tensions pose immediate constraints to global economic activity.
30 June 2023
The international economic recovery is slowing down. Key factors include the ongoing Russia-Ukraine conflict and the impact of tightening of monetary policies to contain inflation.
31 March 2023
The global economy is rebounding faster than earlier anticipated from the COVID-19 pandemic. However, the headwinds of persistent inflation, ongoing geopolitical tensions and fresh financial stability concerns in early 2023 cloud the outlook.
30 December 2022
The global economy was faced with multiple headwinds in 2022. The spillover effects of the Russia-Ukraine war, a sharp slowdown in China, and widespread inflationary pressures dampened global growth.
30 September 2022
The recovery of the global economy in recent months has not been smooth, and growth forecasts have been downgraded. Many central banks continued to raise policy rates as inflation soared past target levels.
24 June 2022
The outlook for the global economy is less upbeat than at the beginning of this year. Indications that the conflict between Russia and Ukraine will be protracted point to longer supply disruptions in energy, grain and fertilizer markets.
25 March 2022
Global economic uncertainty accelerated in the first quarter of 2022 in the wake of Russia’s invasion of Ukraine and its likely impact on already surging inflation across the world.
31 December 2021
Global inflationary pressures, influenced mainly by supply-side constraints, mounted during the second half of 2021. Such pressures led to a tightening of monetary policies in several countries.