facebookInflation hit a jaw-dropping 4.4% this June in Singapore. Do you think enough is done to stem inflation? - Seedly

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Cryotosensei

Blogger at diaperfinancingfund.blogspot.com

02 Sep 2022

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Inflation hit a jaw-dropping 4.4% this June in Singapore. Do you think enough is done to stem inflation?

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Inflation is a complex economic phenomenon with many causes and effects. There are a variety of ways to stem inflation, but it's difficult to say if enough is being done. Inflation can be caused by a number of factors, so there's no easy fix. Government and central banks typically use monetary policy to influence inflation. This can involve raising or lowering interest rates, increasing or decreasing the money supply, or changing reserve requirements. Fiscal policy is also sometimes used to help control inflation. This involves changes in government spending and taxation levels. Sometimes a combination of both fiscal and monetary policies is necessary to get inflation under control

As long as we are relying on other nations for exports, navigating is a challenge. Most of the factors posed are outside our control.

Hence the need to look into what can be done within our control such as subsidies etc.

However, news about job losses are starting though.

Key question is the extent that Singapore can mitigate inflation. we are very dependent on exports f...

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