Liquidity slows down in first 4 months of 2026 – BoG
According to its May 2026 Monetary Policy Report (MPR), the moderation in broad money growth was largely driven by a significant decline in the contribution of Net Foreign Assets (NFA).
Additionally, the rate of foreign asset accumulation in the banking sector was relatively subdued compared with the strong external inflows recorded a year earlier, further dampening NFA’s contribution to money supply growth.5% in April 2026, compared with a contribution of negative 14.
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