MPC holds first meet in 2020 on Thursday

MPC holds first meet in 2020 on Thursday

Comments Off on MPC holds first meet in 2020 on Thursday. The second meeting will be held on 20 February, then on 20 April, 14 May, 25 June, 13 August, 24 September, 12 November, and then 24 December.. The Banking Law entrusts the CBE with developing and implementing monetary policy.. The CBE is committed, in the medium term, to achieve low inflation rates that contribute to building confidence and maintaining high rates of investment and economic growth.. The MPC makes decisions related to monetary policy, and implements those decisions through a set of tools and procedures.. These two rates are the main tools for implementing monetary policy, which targets the overnight interest rate of interbank transactions..