Socially it's a good things

More peopple will access to more money, thus it will encourage spending, which will improve economy

It's election

You know that election is coming, they need everything to win

Inflation

The truth is, all those extra income would not improve much or any at all, standard of living among the marginalized. With increase in food prices, and wait, they probably going to remove fuel subsidy or reduce it significantly

Interest rate

Central banks around the world, don't have much leverage against hyper inflation, the 1st one is interest rate, so we will see some, even every quarter rate hikes

Cautious

Once inflation kicks in, people are going to more cautions on what they spend, the economy slows, business have less cash, credit are hard