Central Bank’s Optimistic Inflation Outlook Faces Renewed Setbacks in 2025
The Central Bank of The Gambia’s hopes of bringing inflation under control in 2025 are facing renewed setbacks, despite current signs of progress. While headline inflation eased to 8.1% in April from 10.2% in early 2025, the lowest rate since early 2023, it remains significantly above the Bank’s medium-term target of 5%, underscoring persistent price pressures and structural vulnerabilities in the economy. More in the report.
Food, Energy, and Core Inflation Under Scrutiny as Gambia’s Economy Grows
The Gambia’s economy grew by 5.3 percent in 2024, fuelled by gains in the services and industrial sectors, according to the Central Bank’s latest monetary policy update. However, Governor Buah Saidy warned that persistent core inflation and global trade uncertainties continue to pose significant risks to the country’s economic stability. More in the report.
Central Bank: Headline Inflation and Food Inflation Down for April 2024
The Gambia’s Central Bank held a press conference on 23rd May 2024 revealing that headline and food inflation had declined in April 2024.
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