And they are worried that the expanding economy will generate inflation, reducing the value of their bonds.

In a television interview yesterday, he cautioned against assuming that faster growth would necessarily generate higher inflation.

In economic terms, analysts said, the peso's shakiness is likely to generate increased inflation, which in turn will bring down real wages.

Printing money quickly generates inflation which is much harder to address.

The plan, called Plan Zero, helped generate even higher inflation, especially in relation to the goods imported.

One worry is that, with chemicals, paper and some other manufacturing industries close to their capacity limits, continuing rapid growth in demand will generate inflation.

Efforts to cure unemployment by force-feeding money into the economy would, they say, only generate inflation.

As far as the proposed increase of excise duty is concerned, it will not generate inflation.

That was well above the roughly 4 percent that many economists now think is sustainable without generating higher inflation.

A determined government, he said, can always generate inflation.