The Bank of Ghana left its policy rate at 14.0 percent by a unanimous vote at the 132nd Monetary Policy Committee meeting that ended on 24 September. It is the third consecutive hold this year. 3News reported the same 14 percent hold, announced by Governor Johnson Pandit Asiama at Thursday's press conference, and the same third consecutive hold.
Economics & Markets··Night
A unanimous 14 percent
The Bank of Ghana left its policy rate at 14.0 percent by a unanimous vote at the 132nd Monetary Policy Committee meeting that ended on 24 September. It is the third consecutive hold this year. The figure the committee published is 14.0 percent, not a cut and not a rise. The vote was unanimous, so the hold is the committee's number rather than a split. 3News reported that the Bank of Ghana kept the policy rate at 14 percent. Governor Johnson Pandit Asiama announced the unanimous decision at the 132nd Monetary Policy Committee press conference on Thursday 24 September. It is the third consecutive hold at 14 percent. The page is dated 24 September.[1], [2]
The decision was unanimous
Both accounts put the policy rate at 14 percent after the 132nd meeting. Citi Newsroom records the rate as 14.0 percent and dates the end of the meeting to 24 September. 3News records the same rate, the same meeting number and the Thursday press conference in Accra. Neither page prints a dissent. The magnitude is the hold itself: 14 percent, unanimous, third time running this year. What is not on these two pages is a new inflation forecast, a date for the next move, or a vote count other than unanimous. The reader can treat 14 percent as the rate in force after 24 September, and nothing finer.[1], [2]
Inflation sits below the 8 percent band
Citi Newsroom stops at the decision: 14.0 percent, the 132nd meeting, 24 September, a unanimous vote, and the third consecutive hold this year. It does not name a path for the next meeting. The third hold is a count of decisions, not a promise that the fourth will look the same. 3News adds the chair's name, Governor Johnson Pandit Asiama, and the setting, a press conference on Thursday 24 September. Headline inflation at 5 percent in August sits on that page, below an 8 percent band. That August figure is context for the hold, not a new target the committee adopted on 24 September.[1], [2]
