Monetary Policy Committee acknowledges positive impact of stabilisation measures

The Monetary Policy Committee (MPC) met today to discuss the current state of the economy. The committee acknowledged that the macroeconomic stabilisation measures have been effective in improving inflation and the external position. These measures have been instrumental in supporting the economy during a period of moderate economic recovery.

According to the MPC, data from the first half of fiscal year 2024 indicates that economic activity is gradually picking up pace. The agriculture sector, in particular, has shown a strong rebound, driving overall economic growth. This positive trend suggests that the economy is on a path towards recovery, albeit at a moderate rate.

Overall, the MPC's assessment highlights the positive impact of the stabilisation measures on key economic indicators. The committee's observations provide valuable insights into the current state of the economy and offer optimism for future growth prospects.