Increasing interest rate not the best antidote to inflation

Workers in Kigali’s Central Business District load cargo on upcountry bound trucks Supply deficiencies coupled with high costs of borrowing to produce
increases the prices of already scarce consumer goods even further which also diminishes consumer purchasing power. File Photo.
Workers in Kigali’s Central Business District load cargo on upcountry bound trucks Supply deficiencies coupled with high costs of borrowing to produce increases the prices of already scarce consumer goods even further which also diminishes consumer purchasing power. File Photo.
Steven Caleb Katurebe