Downward trend forecast on inflation
Monday, February 27, 2023 | 540 Views |
Moses Pelaelo PIC: MORERI SEJAKGOMO
The central bank says the direction of inflation allows it to adopt an "accommodative monetary policy stance" for this year, which could see interest rate cuts that put money back in borrowers' pockets.
Briefing journalists on Thursday, BoB governor, Moses Pelaelo said from a peak of 14.6% last year, inflation has been declining, reaching 12.4% in December 2022, and 9.3 percent in January.
When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...