THE CENTRAL BANK of Liberia (CBL), has launched its first quarterly report for 2025, noting that it has raised the Monetary Policy Rate (MPR) by 25 basis points to 17.25% for the second quarter of 2025.
THE CBL HAS however described the face of the Liberian economy as good, despite challenges that are affecting global and domestic economies.
THESE CHALLENGES ARE not unique to Liberia, but we are working acidulously to keep our economy positive, the CBL Executive Governor said. Adding, the Monetary Policy Committee (MPC) is the CBL’s commitment to transparency and prudent economic management.
ACCORDING TO THE CBL, the MPC carefully reviewed global and domestic economic condition to inform the most appropriate policy decision for possibility and stability in the banking sector to support economic growth.
WE SUPPORT THE CBL’s proactive stance because it reflects a commitment to controlling inflation, which disproportionately affects the most vulnerable segments of our society. When inflation spirals, it erodes the purchasing power of ordinary Liberians, particularly those earning fixed incomes.
WE CALL ON the CBL to step up its public engagement and communication efforts to help the public understands the rationale behind this rate hike. Many Liberians are still unfamiliar with how interest rates affect the economy.
WE URGE THE public to view this measure not as an inconvenience, but as a critical step toward economic stabilization. The path to growth and prosperity requires sound policies and bold leadership and the CBL has shown both.
NOW, IT IS time for all arms of government to align and ensure these efforts yield tangible benefits for the Liberian people.
IT IS CRUCIAL that the Bank educate and inform the population, especially small business owners and consumers, about how this move is designed to protect their long-term economic interests. Because transparency breeds trust, and trust is essential in building a resilient financial system.
THE GOVERNMENT MUST curb unnecessary spending, ensure greater transparency in public financial management, and prioritize investments in productive sectors.
