WORLD BANK / DAVID MALPASS

Contributing sentiments towards policy:

52% : SOUNDBITE (English) David Malpass, President, World Bank Group:"With inflation high, several tools are available beyond interest rate hikes: first, create the conditions for supply to increase in response to price increases; markets are forward looking, so even the announcement of future supply by private investors and governments would help; second, in the advanced economies, reduce the size of government current spending and improve efficiency by targeting it more on the poor and vulnerable; this would reduce non-productive demand and leave more space for global capital markets to fund investment, taking pressure off inflation; and third, reduce the maturity of the central banks' current and future bond holdings; this would send a signal to markets that capital can flow to other assets such as the short-term floating rate capital needed by smaller businesses to increase global output."7.

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