It also said the council " assumes the currently strong monetary expansion will slow down again in the coming time ."
12.
But heavy inflows of capital in recent years have caused rapid monetary expansion, which has in turn triggered inflation or higher imports.
13.
Habito, who heads the state planning agency National Economic and Development Authority, said criticism that monetary expansion has boosted inflation was unfounded.
14.
The Philippines'inflation rate accelerated for a third month in May, weakening the central bank's argument that rapid monetary expansion hasn't stimulated inflation.
15.
They also said the central bank council " assumes the currently strong monetary expansion will slow down again in the coming time ."
16.
"The overall inflationary pressure should also be contained by the Government's commitment to reducing credit growth and monetary expansion to a sustainable rate ."
17.
The Bank of England is set to remain concerned over the pace of monetary expansion, " said James McKay, an economist at PaineWebber International.
18.
It was the determination to preserve a one-party state that led to the monetary expansion and loss of foreign reserves that caused Mexico's woes.
19.
Rangarajan said he was cutting the ratio to enable banks " to meet the genuine productive requirements for credit, without generating excessive monetary expansion ."
20.
:Mainstream macroeconomics is " hydraulic . " There is something called " aggregate demand " which you adjust by pumping in fiscal and monetary expansion.
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