Interest rates remaining unchanged
Tuesday, January 20, 2015
The December headline inflation fell to 3.8 percent last week, providing scope for further lowering of interest under the central bank accommodative monetary policy stance.
However, analysts believe the recent inflation rate fall is primarily pushed by the temporary drop in fuel prices, and does not signify any easing of underlying inflationary pressures.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...