Panacea To Tackle Inflation Proffered

As the country look forward to 2025, the prognosis for inflation will depend greatly on several key factors, according to the International Monetary Fund (IMF). This include, among others the following measures.
- Monetary Policy: Continued strict enforcement of monetary policies help anchor inflation expectations. It's crucial for the Central Bank of Sierra Leone to maintain interest rates that discourage excessive monetary expansion.
- Agricultural Productivity: If agricultural output continues improving, particularly in staple crops, it could further stabilize food prices and contribute to a downward trend in inflation.
- Global Economic Conditions: The macroeconomic environment on a global scale, including commodity prices and trade dynamics, will have direct repercussions on local inflation. Committing to diversifying export avenues will be critical.
- Government Intervention: Effective fiscal policies, enhanced public infrastructure, and investment in market regulations can further alleviate inflationary pressures.
A stabilizing inflation rate encourage increased foreign direct investment (FDI) as investor confidence grows when economic volatility decreases. Based on the current trends, FS Analytic projection for the inflation rates in 2025 could average between 10-15%, assuming that the current positive momentum continues. However, should external shocks occur, such as commodity price fluctuations or instability, the projections could substantially change
31/12/2024