MONROVIA, LIBERIA-The Central Bank of Liberia (CBL) has taken several decisions to maintain what it calls relative stability in the economy.

The CBL on Wednesday, February 22, 2023, announced that it is upholding the monetary policy rate at fifteen-percent, until its Monetary Policy Committee next assessment meeting in the second quarter of 2023.

Announcing the decision, the CBL Executive Governor, Aloysius Tarlue, added that the Bank decided to maintain the reserves requirement ratio on the Liberian and United States Dollars.

The Bank’s decision followed an assessment of the domestic economy and impact of global economic developments on the Liberian economy.

Meanwhile, the CBL says risks to the Liberian economy include a possible global recession, continuation of the Russian-Ukraine War, capital reversal and declining commodity prices.