Extraordinary Meeting of the CBE’s Monetary Policy Committee

Publication Number: ECES-VON-700

Our Views

The domestic economy has recently been affected by a shortage of foreign currency resources, leading to emergence of a parallel market for the exchange rate and slowdown in economic growth. The spillovers from global inflationary pressures continued to accumulate as the global economy was hit by successive shocks, leading to a rise in uncertainty and inflation expectations, which increased inflationary pressures.

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