clock December 24,2023

CB keeps OPR unchanged

The Monetary Policy Board decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75% at its meeting held yesterday.

The Board arrived at this decision after carefully considering both domestic and global developments.

The Board is of the view that the current monetary policy stance will help steer inflation towards the target of 5% in the period ahead while supporting growth.

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