The Monetary Policy Review for April 2024 has been released. The document outlines the current economic conditions and the measures being taken to address them.
"Global growth remains subdued, with economic activity slowing in major economies," states the review. This slowdown is attributed to "tighter financial conditions and geopolitical tensions."
In response, monetary authorities are adjusting policies to stabilize economies. "We are committed to using all available tools to support sustainable economic growth," the review assures.
Inflation rates have also been a focal point of this month's review. It notes that "inflationary pressures have eased somewhat but remain above target levels." The report highlights ongoing efforts to bring inflation down while supporting employment.
The review emphasizes a cautious approach: "We will continue to monitor developments closely and adjust our policy stance as necessary."