At
the rate inflation and connected macro economic
issues get out of hand, banking circles are
buzz with what could be a thorny poser to regulators
is could Central Bank monetary policy get any
tighter?
Last week following the July monetary policy
review, the Central Bank according to analysts
perhaps exposed it was running out of steam
In
its own words, the Central Bank said: “In
view of the increase in the average core inflation,
and the likelihood of its further increase due
to second round impacts of the increases in
prices of non core items and the need for stemming
the demand pressures to contain inflation, the
Central Bank has decided to further tighten
its monetary policy stance by restraining the
expansion in reserve money.”
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