Unconventional financing: Decrease in inflation disapproves criticisms

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Prime Minister Ahmed Ouyahia said Saturday that the switch towards more domestic borrowing (the unconventional financing) allowed to cut the inflation rate, contrary to what some experts have predicted.

“A lot has been said by the experts, who felt that domestic indebtedness would lead to inflation, but thank God, and I can demonstrate it on the basis of statistics, which you had already read before today. , that if inflation which was 6% in October 2017, 5.6% in December 2017 and 5.2% in January 2018 rose to 4.9% in February 2018. This means and contrary to what has been said, that inflation is falling a little, “he said at a press conference on the presentation of the government’s balance sheet.

N.Houda Chabane

Source:APS

 

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