- Rates will drive inflation, slow economic growth, and result in consumers footing the bill
A top economist and former deputy governor of the central bank has raised alarm bells on the recent decision by the government to revise the Pula exchange rate.
The Ministry of Finance recently increased the annual downward crawl rate from 1.51 percent to 2.76 percent to boost the competitiveness of domestic industries, support economic diversification and growth, and preserve foreign exchange reserves. The government further said it will also facilitate broader access to and use of foreign currency in the market.
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