Monrovia, Liberia – The Central Bank of Liberia (CBL) says the country’s economy expanded in the second quarter of this year, with inflation showing signs of moderation compared to the previous quarter.
In its second quarter Monetary Policy Communique, the Bank reported that Liberia’s economy grew by 4.3 percentbetween April and June 2025, up from 3.9 percent in the first quarter. The growth, according to the Bank, was driven by improved monetary conditions and a reduction in the cost of goods and services.
The Bank also reported a decline in the national inflation rate, which dropped from 12.5 percent in the first quarter to 11.1 percent in the second quarter. The decrease was attributed to lower food prices, a drop in transportation and fuel costs, and easing market prices.
Speaking during the official reading of the Communique on Wednesday, CBL Executive Governor Henry F. Saamoisaid the inflation moderation is a reflection of careful economic management.
“We are pleased to report that food inflation fell slightly from 8.4 percent to 8.3 percent, while administered prices declined from 1.2 percent to 0.7 percent, and market prices from 2.9 percent to 2.4 percent,” Governor Saamoi stated.
He further noted that the Bank’s projection for the third quarter of 2025 places inflation around 10.3 percent, a signal that the economy could remain stable if current trends hold.
Despite the positive outlook, Governor Saamoi warned that the fall in global prices for Liberia’s key exports—such as rubber, cocoa, and palm oil—could present risks to maintaining low inflation in the coming months.
“We remain optimistic that with proactive monetary policy and effective coordination with key stakeholders, Liberia is on track to meet its 5.6 percent growth target for the year,” the Governor concluded.
The event was attended by stakeholders from the banking sector, civil society organizations, and the media.
