The Guy must go !

            We saw it coming. And the chickens have finally come home to roost. We were given some  preliminary warnings that the whole structure at Ministry of Finance and Economic Development (MOFED) was not just dysfunctional but nonfunctioning but we kept hoping that it will be able to reform itself to see better days.  But the recent piece of breaking news about the falsification of documents by junior officers of the Ministry appears to be the last straw that is revealing the cracks in the system- nothing but the result of a long culture of arrogance , Me-knows-everything  and poor management. 

The Central Bank hawkish on inflation

The corporate world, investors and exporters were expecting either a neutral policy stand or a mild calibrated action from the Central Bank in its efforts to rein in inflation. The Monetary Policy Committee (MPC) of the Central Bank has decided by a majority vote to raise the key repo rate by 50 basis points to 5.25 per cent per annum.

Titbits:International Financial Services; Exceptional circumstances ...; Central Bank‘s independence ; Model-building techniques; Labour-Market Flexibility.

International Financial Services: The Way Forward

 

 We have carved out a comfortable niche in the world of international financial services thanks to our expanding tax treaty networks, a reputable offshore jurisdiction, its strategic location between the Far East and the European time zones, and its membership of major regional trading blocs.

Should the Central Bank raise interest rates?

Business, industry, investors and the street are expecting monetary action from the Central Bank to rein in inflation. It is widely expected to raise the Repo Rate by a minimum of 25 basis points.

Much Ado About Planning

 After the drubbings that the TINAwallahs (There is no alternative) got in Budget 2011, though a censorious dismantling of their main neo-liberal policies that were blindly tried on the populace, we expected them to evaporate in thin air or scatter to the far end of the horizon blown by the winds of change. But even if things change, they tend to remain the same.

Household Budget Surveys: A Deeper Analysis

In these very columns, reference was made by the Director of Communication of the Labour Party to the different Household Budget Surveys (HBS) that are carried out every five years to show that the Labour Party has retained its core progressive ideology.

Assessment of the Monetary Policy Stance

I was surprised to note the facility with which one top economist , interviewed in this very paper, blamed the resurgence of inflation, coming back with a vengeance, to Budget 2011.