BoB leans towards looser rate stance
Friday, February 23, 2024 | 330 Views |
The central bank has generally maintained an accommodative monetary policy stance for years, only breaking the trend in 2022 when 14-year high inflation forced interest rate hikes of 151 basis points.
The looser monetary policy stance is aimed at encouraging more private sector spending through lower interest rates, which in turn perks up economic activity such as job creation.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...