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Central Bank of Liberia strategizes to stabilize Liberian market

Steven Dorbor/Maximilian Kasseh, Jr.
Nathaniel Patray,CBL Governor
Nathaniel Patray,CBL Governor

MONROVIA, LIBERIA-The Governor of the Central Bank of Liberia, Nathaniel Patray, says the Central Bank is putting in policies that will lead to market stability in Liberia.

Speaking at the Ministry of Information Culture and Tourism (MICAT) Press Conference today, April 25, 2019, Patry said:” Infusing money into the economy while the quantity of goods on the market remains the same will increase inflation.”

He said inflation is driven by food prices, driven by supply by agriculture produce on the market prevalent especially during the rainy season.

The CBL Boss said the institution is working along with commercial banks to curb inflation and stabilize the economy.

Nathaniel Patray asserted that most of the problems faced by the Coalition for Democratic Change (CDC)-led Government was left behind by previous administration.

 


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