PRESS STATEMENT

RESOLUTIONS OF THE MONETARY POLICY COMMITTEE MEETING HELD ON 24 APRIL 2020

The Bank's Monetary Policy Committee (MPC) met on 24 April 2020 and deliberated on a number of issues including the impact of Covid-19 on the economy and the necessary policy interventions to ensure that the economy remains on a growth trajectory. The MPC noted the compelling need to reinforce the Bank's first-round of economic policy responses to the Covid-19 pandemic and made the following resolutions: