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A Question on Monetary Policy

  • by
Laone Nthaga Bellona Women's Network

Do Monetary Policy tools such as the lending rate work to control inflation when historically induced fiscal expansion was used for consumption rather than innovation and productivity ?

In my previous corporate life I remember doing many stress testing and policy adjustments, anticipating ‘when the rates finally come back up’. The day is here.

Did productive industries and disruptive innovation take off during the period where we were supposed to be ‘catalyzing economic growth’?

One forum we need before budget speech is each ministry to come forth with a data backed progress report on their ‘transformational policies’

Africa will not progress as long as monetary policy tools largely translate to managing individuals disposable income.

Increase in rate > cost management > retrenchment > unemployment > reduced demand > YES YOU GUESSED IT!

Monetary Policy must be a tool NOT the strategy

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