Central Bank of Kenya’s Post

Highlights of the Monetary Policy Report - August 2024 #SriLankanEconomy #MonetaryPolicy #MonetaryPolicyReport #Highlights

Highlights of the Monetary Policy Report - August 2024 #CBSL #MonetaryPolicy #MonetaryPolicyReport #SriLankanEconomy

Infographic: Monetary Policy Statement - At a Glance for April 2024 Download here: https://ow.ly/vbiT50Rbnua

Highlights of Monetary Policy 2024/25 and its Impacts

FYI students of Economics especially monetary economics. Add the Payment Systems Oversight Annual Report 2023 to your reading. Both reports were published yesterday. #MPR-July 2024 (47 pages): ✔️IMF World Economic Outlook projects growth at 3.2% for 2024 and at 3.3% for 2025. Projections for EMDEs are 4.3% for 2024 and 2025. Sub-Saharan Africa to 3.7% in 2024 and 4.1% in 2025 ✔️Tight MP stance by CB in advance countries led to higher long-term bond yields and triggered exchange rate pressures in EMDEs. ✔️Domestic front- Q1 provisional real GDP growth at 4.7% compared to 3.1% same period 2023. Headline inflation at 22.8%, strong H1 reserve build-up and the cedi depreciated by 19.6% against the US dollar H1 compared to 22.1% same period. #PSOAR2023 ( 38 pages): ✔️CB approved 27 products and services for FIs. In-bound remittance and mobile banking services received the highest number of approvals. ✔️Volume of GIS transactions increased by 2.1% and the value of transactions increased by 49%. Volume of inter-bank cheques declined by 4.3% ( 244,995) YE 2023. ✔️ATM transaction constituted 98.3% on the gh-link platform. ✔️Registered internet banking and mobile banking customers increased by 16.6% and 51.5% respectively. Transactions volumes increased by 30.7% and 2.5% respectively. ✔️Float of MoMo balances held by banks increased by 44.3%. ✔️Digital Loans and Agency Banking: One bank was granted approval to offer digital micro lending and two financial institutions were granted approvals to offer #agency banking services. Some #Trends in the #PaymentSystem: ✔️ #Africa: 1. PAPSS went live in 2023 2. South Africa launched #PayShap- a real time payment platform. ✔️ #Europe: 1. EU launched European Digital Identity Wallet 💳. 2. UK is shifting from the concept of Open Banking to a broader concept of #Open Finance. 3. Buy Now Pay Later (#BNPL) on the rise. ✔️ #Asia and the #Americas: 1. PromptPay on the rise in Thailand. 2. FedNow service launched in the United States 🇺🇸 3. Rise of contactless payments in Latin America

summary of Monetary policy statement today

The world around us in not so bright as the rooftop in Oslo in the video. 2024 is called the Super-Election Year. Learn more about the potential impact to your company from Marsh’s Political Risk Report: https://bit.ly/49Oplnp #MarshMcLennan #riskmanagement #politicalrisk

Monetary policy assessment: The news conference with the Governing Board will start tomorrow at 10:00 am CEST and can be followed live here: https://lnkd.in/dYwTBPiR

Our Trade Credit Specialist, Marion Tibar, tells you why you should keep an eye on the different elections happening around the world this year. Marsh's Political Risk Report provides a comprehensive analysis of 197 countries and territories, providing insight on the top risks and opportunities. This report is your essential guide to confidently navigate the political and economic environment. Read the report here: https://bit.ly/49Oplnp