Governments take the help of the central bank of the country too to increase the interest on savings so people save and deposit more and also increase the lending interest so that the loan becomes expensive
What are the measures that a country can take to reduce the level of inflation
- Thread starter Stardom22
- Start date
One method is for governments to focus on fiscal policy, such as by decreasing public spending or raising taxes. In addition, printing more money and increasing national lending should be done carefully and with caution since too much can increase economic activity and lead to higher prices.
You said it perfectly and I am referring to this too as these measures are controlled and used by Government.
Tax aren't going for some governement in right way they just spend on food of the people that are in governement and buy expensive food and last interest is economy of country.
The best way to reduce inflation is to stop corruption and embezzlement of public fund. In Nigeria, corruption stinks to heavens. If Nigerian politicians can vomit their loots, we can import anything without feeling the impact
I would increase the value of my country's currency by encouraging local production of goods and services. The pressure on the country's currency would reduce. Then, the inflation would come down.
