Posted 11/25/2023, 9:03:04 AM
Central Bank Vows to Steady Inflation and Currency by Tightening Policy, Rebuilding Trust
- Central bank governor pledges to restore price stability and steady currency by tightening monetary policies
- Instructed banks to expand capital base to support projected growth to $1 trillion economy
- Central bank confronting high inflation and excess banking liquidity
- Banks raising funds to increase capitalization and support growth
- Rebuilding trust in regulator, managing liquidity, reducing interest rates among central bank priorities