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Tag Archives: inflation

Experts, gov’t differ on price control policies

Kampala, Uganda | THE INDEPENDENT | Experts and think-tanks have warned the government against introducing policies aimed at mitigating the effects of rising commodity prices, but also blamed it for poor management that has allowed the current situation to escalate. Until now, the government has rejected any suggestions that it introduces …

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IMF warns of further downside risks for global economy

Davos, Switzerland | Xinhua | The International Monetary Fund (IMF) on Tuesday warned of further headwinds for the global economy and spiralling inflation around the world due to the conflict in Ukraine, while voicing that China will remain an engine of growth after the “near-term headwinds”. “We are seeing additional weaknesses …

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Deputy Speaker appeals for cut in interest rates

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa, has implored Bank of Uganda and all players in the banking sector to consider lowering lending rates, in order encourage more production and counter the anticipated inflation due to the rising commodity prices. Tayebwa said he was concerned that …

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Global factors impacting Uganda’s economy: BoU

Kampala, Uganda | THE INDEPENDENT | Officials from Bank of Uganda and the National Planning Authority (NPA) have told Members of Parliament that the state of the economy is struggling because of global related factors. The officials were interfacing with the Committee on National Economy to discuss the state of the …

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The gathering stagflationary storm

Impact of negative aggregate supply shocks that have curtailed production and increased costs  COMMENT | NOURIEL ROUBINI | The new reality with which many advanced economies and emerging markets must reckon is higher inflation and slowing economic growth. And a big reason for the current bout of stagflation is a …

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Ukraine crisis affects E. Africa’s food security: WFP

Overlapping food crisis risks in the region come at a time when most countries are facing increased fiscal imbalances and rising public debt pressure Addis Ababa, Ethiopia | Xinhua | The ongoing Ukraine crisis is negatively affecting East Africa’s food security through reduced food supplies, accessibility and high prices of food, …

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