Africa Links 24 with thevoice
Published on 2025-06-24 10:34:34
By: Kemo Kanyi
Dr Foday Joof, a renowned economist, has raised serious concerns about relying on interest rate hikes to combat inflation in The Gambia and other developing countries, calling the strategy a “gamble on aggregate demand and inflation, He said the approach is “counter-intuitive” to the structural challenges facing most African economies.
Dr Joof said policymakers are treating imported inflation with a domestic cure that does not work. “Raising interest rates in a…
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