Business News of Monday, 12 November 2012

Source: myjoyonline

Monetary Policy Committee to begin economic review meetings

The Monetary Policy Committee of the Bank of Ghana would later Monday commence another round of meetings to review developments in the economy.

The review is most likely to be the last for this year and would end with a decision on the appropriate positioning of the Monetary Policy Rate to be announced on Wednesday.

The Policy Rate which is a determining factor of the interest paid on bank loans was left unchanged at 15 percent at the last review meeting.

This, the committee attributed to inflation remaining within the target range and the exchange rate depreciation appearing to be under control.