By Julius Mustapha Harding
Responding to persistent inflationary pressures and uncertainties in the global economic landscape, the Monetary Policy Committee (MPC) of the Bank of Sierra Leone (BSL) has announced an increase in the Monetary Policy Rate (MPR) by 1 percentage point, bringing it to 23.25 percent.
This decision was reached during the MPC’s meeting chaired on March 28, 2024 by the Governor of the Central Bank, Dr. Ibrahim L. Stevens.
The decision to raise interest rates comes against the backdrop of various global and domestic economic challenges, as outlined in the recent Monetary Policy Statement released by the Central Bank of Sierra Leone.
