he Monetary Policy Committee (MPC), at its November 22-23, 2021 Meeting, decided to raise the Monetary Policy Rate by 50 basis points to 9.0 percent. This is to help steer inflation to single digits in 2022 and to within the…
Inflation declined further in the first quarter of 2023, albeit marginally. However, it remained elevated and is projected to stay above the target band of 6— 8 percent over the next eight quarters (the forecast horizon). In the first quarter…
