Rearing Its Ugly Head

BMI View: Inflation remains a real concern for the authorities, with prices rising by a hefty 14.5% y-o-y in June. The government has raised its end-year inflation target to 8% from the original 5-6% range. But it must do more to take the decisive policy steps needed to keep price growth at sustainable levels, such as keeping public spending under control.

To read the full article, please choose one of the following options: