Monday, March 28, 2011

Repo Rate Raised By 50 BPS To Prevent Second-round Effects

As widely expected, well, save the JEC. BOM's primary objective being price stability it had little choice to raise the repo rate to 5.25% as inflation had been on the rise after Pravind Jugnauth's budget. Besides monetary policy operates with a lag and inflation is like...radioactivity.

7 comments:

Anonymous said...

bezer mo Mercedes so lease pu augmenter la!

Anonymous said...

Could Pravind Jugnauth have presented a budget taht would have prevented this massive inflation?

yes/no?

external factors?

Anonymous said...

Rama le meme la, bison demande li un coup ki pou faire avec infaltion et cash ki li fine donne infinity a travers conseile ti Darga?

zordi zot tout p evade ca, ti bison vine repondre ca mo frere

akagugo said...

@ Anonymous of March 29, 2011 1:51 PM

C'est qui "ti bison"???

Anonymous said...

Akash - I have my own kriol lexicon and I am against formalising it.

Anonymous said...

My Aunty Miss N did a great job yesterday - she asked about the stimulus package and asked how well AM thinks he has protected the jobs?

Why is not Ramgoolam asking himself teh same question?

akagugo said...

Louis rejoint de club des GLD?
Il va bientôt devoir crier encore plus fort parceque enkor pé vini la!
Qu'est-ce qu'il pourrait dire à ceci?
In the meanwhile, Governor of Seychelles' Central Bank is visiting Mauritius with specific things in mind, despite the locals vainly trying to compare their particular conditions with ours. Nice to note that the Dallons are budgetting the help to people in the form of subsidies in their budget itself to absorb increases in prices of utilities: pas ditou couma ici, hein?