The Bank of Ghana (BoG) has cautioned that reductions in the monetary policy rate do not automatically translate into lower lending rates, stressing that the effectiveness of monetary policy depends largely on how decisions are transmitted through the banking system to businesses and households. The warning was contained in remarks delivered on behalf of Governor […]
The Bank of Ghana (BoG) has cautioned that reductions in the monetary policy rate do not automatically translate into lower lending rates, stressing that the effectiveness of monetary policy depends largely on how decisions are transmitted through the banking system to businesses and households. The warning was contained in remarks delivered on behalf of Governor […]
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