BoG’s response to inflation crisis largely in sync with expectations – IEA
The Institute of Economic Affairs (IEA) has welcomed the decision by the Monetary Policy Committee (MPC) to increase the policy rate. This decision, according to the IEA, met their expectations after they called on the central bank to up the rate. The BoG increased policy rate by 200 basis points to 19 percent at the MPC meeting on Monday May 23. The MPC attributed the...