MRC criticizes piecemeal measures to tackle inflation

Financial Tribune – In an analytical report appraising measures taken to curb inflation, the Majlis Research Center says the government has resorted largely to temporary and micro measures to curb inflation and control liquidity but in doing so has failed to address macro variables.

Matching government measures against proposals made earlier by the MRC, the think tank said “although inflation has been tamed in recent months, the government had enforced only a fraction of the proposed measures.”

The package put forward by the influential parliamentary think tank pivoted around three main axes: controlling liquidity, halting creation of new liquidity and curbing the colossal volume of liquidity.

Controlling liquidity involved moves like monitoring banks’ transactions, fighting market speculators and encouraging investors to put their money in long-term investment accounts.