Saturday, July 21, 2012

If I was RBI Governor, I would cut rates: Kaushik Basu

Gautam Chikermane: If you were RBI governor, would you cut rates today?


Kaushik Basu: If that happened, I would have far more access to research than I have now. So answering this question in advance is a hazard, like cutting interest rates in the middle of an inflation. But, on balance, my answer is yes. I would risk the hazard and cut rates.

Posted by VITALINFO at 9:10:00 AM

1 comment:

TVG KRISHNAN said...

Luckily for the economy he was not.
The whole problem in the economy is with the Government and it has miserably failed to contain inflation, fiscal deficit, current account deficit, subsdies, corruption, black money, and mal administration in the area of production,procurement,storage,transportation and marketing of particularly food products. It is easy to blame RBI as it does not enjoy full autonomy to give it back in the same tone. Had he been RBI Governor he also would have faced the same embarassment as the presnt Governor is facing beacuse of Government's apathy, mismanagement and interference where it is not expected or required.

Jul 21, 2012, 11:40:00 AM

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