21 Jan 2024
Workshop "Monetary Tightening – Impact on The Economy"
The Gulf Monetary Council (GMCo) in cooperation with Saudi Central Bank held online workshop on “Monetary Tightening – Impact on The Economy” during 17 January 2024. The workshop hosted more than 60 participants from representatives of central banks in GCC countries and international financial institutions together with the Economic and Development Affairs Commission (EDAC) at the General Secretariat of the GCC. The main purpose of the workshop was to discuss recent economic development following monetary tightening and risks related to economic impacts of monetary tightening. In addition, get experience of global central banks on this topic especially with rapid monetary tightening in line with economic development.
Participants took part in presentations are GMCo, Most GCC of Central Banks, European Central Bank (ECB), and Arab Monetary Fund (AMF). This, GMCo is also keen to continue holding meetings and workshops to enhance technical cooperation between national central banks, coordinate monetary policies, and dedicate efforts towards monetary stability in GCC countries.