Monetary Policy Announcement
30-Dec-2022
Monetary Policy Announcement - 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.
Read More30-Sep-2022
Monetary Policy Announcement - 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.
Read More24-Jun-2022
Monetary Policy Announcement - 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.
Read More25-Mar-2022
Monetary Policy Announcement - 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.
Read More31-Dec-2021
Monetary Policy Announcement - 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.
Read More30-Sep-2021
Monetary Policy Announcement - September 2021
Overall global economic performance continues to recover, underpinned by widespread vaccination efforts, easing of pandemic restrictions and accommodative fiscal and monetary policies. Nonetheless, the pace of recovery across countries is very uneven, given varied access to vaccines and the resurgence of the virus in many areas.
Read More25-Jun-2021
Monetary Policy Announcement - June 2021
The global economic recovery is underway, with the International Monetary Fund forecasting a global expansion of 6.0 per cent for 2021.
Read More26-Mar-2021
Monetary Policy Announcement - March 2021
The global economy is on a recovery path in 2021 as the deep shocks precipitated by the COVID-19 pandemic gradually subside.
Read More30-Dec-2020
Monetary Policy Announcement - December 2020
International economic conditions improved during the second half of 2020 on account of extraordinary policy actions on the monetary and fiscal fronts in response to the Covid-19 pandemic.
Read More25-Sep-2020
Monetary Policy Announcement - September 2020
Globally, there is little sign of an overall deceleration in the pace of infections of the Covid-19 virus. The economies of many developed and developing countries contracted in the second quarter of 2020, despite significant fiscal and monetary policy actions as authorities implemented restrictions to curb the spread of the virus.
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