News and Blog

Hiking monetary policy rates will not stem inflation -Dr. George Agyekum Donkor

nibs
news

Hiking monetary policy rates will not stem inflation -Dr. George Agyekum Donkor

Accra, Nov. 28, GNA- A decision by central banks to hike monetary policy rates to stem inflation will not solve the global price evolution, a finance expert has warned.

Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development, adding that the reason of inflation is “structural and not monetary” and warned that monetary policy rate increases could have unexpected implications. READ MORE

Leave your thought here

Your email address will not be published. Required fields are marked *