......Q: You don’t believe that this is going to narrow the window for the Reserve Bank of India (RBI) if indeed the Governor was planning to move on rates this month?
A: I would tend to think that this would give RBI more comfort to cut rates rather than narrowing their possibility because RBI has always put fiscal consolidation as a pre-condition for rate cuts. This is surely the most serious intent of fiscal consolidation seen in some time. I would tend to think that this will give RBI more comfort..........
No comments:
Post a Comment