Third, another round of high Interest rates is caused by the downgrade of the Sovereign credit rating of the country. As a result, the rise in fiscal expenditure/deficit will cause further increase in Interest rates and prices in the country. All public economic services and regulations in the country should be innovated to facilitate the new policy framework. The launch of policy framework will take two to three years, provided that a strong government is established. Therefore, the new economic policy statement will help promotion of good economic democracy.
Source: Sunday Observer January 05, 2019 19:59 UTC