Press Release

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) decided to reduce the Monetary Policy Rate to 16 percent. The Required Reserve ratio was maintained at 13 percent, while standing facility rates were adjusted to 5 percent for deposits and 17 percent for lending.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on September 1st and 2nd, 2025. After assessing global trade fragmentation, commodity volatility, and domestic growth and inflation dynamics, the Committee decided to maintain the Monetary Policy Rate at 17 percent, keep the required-reserve ratio at 13 percent, and hold standing facility rates at 4 percent for deposits and 18 percent for lending. These measures aim to support ongoing disinflation, bolster financial stability, and sustain economic momentum amid elevated external risks. The following is an overview of the deliberations that informed the Committee’s decision

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on June 11 and 12, 2025. After assessing global trade fragmentation, commodity volatility, and domestic growth and inflation dynamics, the Committee decided to maintain the Monetary Policy Rate at 17 percent, keep the required-reserve ratio at 13 percent, and hold standing facility rates at 4 percent for deposits and 18 percent for lending. These measures aim to support ongoing disinflation, bolster financial stability, and sustain economic momentum amid elevated external risks. The following is an overview of the deliberations that informed the Committee’s decision

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on February 26 and 27, 2025. After reviewing domestic and global economic conditions and the near-term outlook, the Committee decided to keep the Monetary Policy Rate unchanged at 17 percent, retain the required-reserve ratio at 13 percent, and maintain standing facility rates at 4 percent for deposits and 18 percent for lending. These measures aim to safeguard the ongoing disinflation process and preserve macroeconomic stability amid elevated external uncertainties. The following is an overview of the deliberations that informed the Committee’s decision.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on November 25 and 26, 2024. After reviewing current domestic and global economic conditions and the near-term outlook, the Committee decided to maintain the Monetary Policy Rate at 17 percent and to raise the Standing Deposit Facility Rate by 1 percentage point to 4 percent. These actions aim to consolidate recent gains in price stability while strengthening liquidity management. The following is an overview of the deliberations that informed the Committee’s decision.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on August 26 and 27, 2024. After reviewing current domestic and global economic conditions and near-term outlook, the Committee decided to maintain the Monetary Policy Rate at 17 percent. The decision aims to sustain the declining inflation trend observed in the past four consecutive months. The following is an overview of deliberations that informed the Committee’s decision.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on May 22 and 23, 2024. After reviewing domestic and global economic conditions and the near-term outlook, the Committee decided to maintain the Monetary Policy Rate at 17 percent, keep the required-reserve ratio at 13 percent, and leave standing facility rates unchanged at 3 percent for deposits and 18 percent for lending. These measures aim to reinforce the downward trajectory of inflation observed over the previous three months. The following is an overview of the deliberations that informed the Committee’s decision.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on February 26 and 27, 2024. After reviewing domestic and global economic conditions and the near-term outlook, the Committee decided to maintain the Monetary Policy Rate at 17 percent, keep the required-reserve ratio at 13 percent, and leave the standing facility rates unchanged at 3 percent for deposits and 18 percent for lending. These measures aim to reinforce the emerging disinflation trend and preserve macroeconomic stability amid elevated external risks.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on November 29 and 30, 2023. After assessing domestic and global economic conditions and the near-term outlook, the Committee decided to maintain the Monetary Policy Rate at 17 percent, keep the required-reserve ratio at 13 percent, and leave standing facility rates unchanged at 3 percent for deposits and 18 percent for lending. The decision is intended to preserve the emerging disinflation trend and support macroeconomic stability.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on August 28 and 29, 2023. After reviewing domestic and global economic conditions and the near-term outlook, the Committee raised the Monetary Policy Rate by 1 percentage point to 17 percent, maintained the required-reserve ratio at 13 percent, kept the Standing Deposit Facility Rate at 3 percent, and increased the Standing Lending Facility Rate to 18 percent. The decision aims to curb accelerating domestic inflation and reinforce price stability.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on November 29 and 30, 2023. After assessing domestic and global economic conditions and the near-term outlook, the Committee decided to maintain the Monetary Policy Rate at 17 percent, keep the required-reserve ratio at 13 percent, and leave standing facility rates unchanged at 3 percent for deposits and 18 percent for lending. The decision is intended to preserve the emerging disinflation trend and support macroeconomic stability.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on February 27 and 28, 2023. After reviewing domestic and global economic conditions and the near‑term outlook, the Committee raised the Monetary Policy Rate by 1 percentage point to 14 percent, maintained the required‑reserve ratio at 13 percent, kept the Standing Deposit Facility Rate at 3 percent, and lifted the Standing Lending Facility Rate to 15 percent. These actions seek to anchor inflation expectations and counter persistent price pressures amid continued external uncertainties.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on December 7 and 8, 2022. After assessing domestic and global economic conditions and the near-term outlook, the Committee raised the Monetary Policy Rate by 1 percentage point to 13 percent, retained the required-reserve ratio at 13 percent, and kept standing facility rates unchanged at 3 percent for deposits and 14 percent for lending.

The Monetary Policy Committee (MPC) of the Central Bank of The Gambia (CBG) convened on August 31 and September 1, 2022. After assessing domestic and global economic conditions and the near-term outlook, the Committee increased the Monetary Policy Rate by 1 percentage point to 12 percent, kept the required-reserve ratio at 13 percent, maintained the Standing Deposit Facility Rate at 3 percent, and set the Standing Lending Facility Rate at 13 percent.