ACCRA (Reuters) – Ghana’s central bank on Monday held its main interest rate at 14.5%, the bank said in a statement, adding that inflation will likely remain above the targeted band of 8% plus-or-minus 2% in the near-term.
A hike of 100 basis points to 14.5% in November marked the first time the bank had increased it’s main rate since May 2016, when it stood at a 26%.
A poll of Reuters analysts last week suggested the bank would keep its rate unchanged.
(Reporting by Cooper Inveen and Bate Felix; Editing by Louise Heavens)
