May 25, 2022/CSL Research The authorities raised the Monetary Policy Rate (MPR) from 11.5% to 13.0%, in a surprising move. This, according to the committee is to moderate inflationary pressure, restrain the speed of capital flow reversal, provide incentives for foreign capital inflows, and sustain remittances. The rise in […]
OPINION/EDITORIAL
Post MPC May 2022: MPC Delivers First Rate Hike Since July 2016
May 24, 2022/Cordros Report In what can be regarded as a shocking event, the Monetary Policy Committee (MPC) voted to increase the MPR to 13.0% at its recently concluded meeting, the first rate hike since July 2016. In terms of voting pattern, six members voted to increase the MPR by […]
Middle East and North Africa’s Commodity Importers Hit by Higher Prices
(Photo: IMF Photo/Ryan-Rayburn) May 24, 2022/IMFBlog By Jihad Azour, Jeta Menkulasi and Rodrigo Garcia-Verdu Higher commodity prices, propelled upwards by war in Ukraine, will have a significant economic impact on the region. The war in Ukraine and related sanctions have triggered a sharp increase in commodity prices, which will add […]
