Interview: "American radical interest rate hike is an attempt to make other countries' high inflation '" buried bills' "-Marin Boger, deputy director of the Institute of Strategic Research Institute of the Philippines

Xinhua News Agency, Manila, September 27th: "The American Radimen Integration is an attempt to make other countries' high inflation" pay "-Visit the Philippine" Asian Century "Strategic Research Institute, Marin Boger Uyi

Xinhua News Agency reporter Yan Jie Wang Xiaowei

"The United States is trying to use interest rate hikes to solve its own inflation problem, which will adversely affect developing countries, especially countries like the Philippines relying on imports." Ge-Uy said in an exclusive interview with Xinhua News Agency reporters a few days ago.

Since March this year, the Fed has accumulated a total of 300 basis points, and has recently raised 75 basis points for the third consecutive time. The Fed's radical interest rate hike promoted the continued rise in the US dollar. In this context, many developing countries, including the Philippines, have to face challenges such as depreciation of the local currency and high inflation. Since September, the Philippine Batosos has reached a record low on the US dollar exchange rate.

Marlin Bog-Uy pointed out the calculation of the United States in a blood: The United States has continuously tightened monetary policy under its own high inflation.

She said that the United States has affected developing countries by increasing interest rates to solve its inflation. "After the Federal Reserve raised interest rates, the US dollar appreciated strongly, but the currency of the imported countries was depreciating. When the currency of the Philippine Peso or other developing countries depreciated, imports became expensive. Inflation. For the United States, interest rate hikes have strengthened the dollar. They continue to enjoy cheaper commodities and services provided by developing countries. This approach is at the expense of the interests of developing countries and their people. "

Marin Bog-Uy also pointed out that the approach to anti-inflation in the United States will drag its economic prospects. "US monetary policy will eventually let the United States eat their own fruit. This is only a matter of time."

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