Subbarao, a reluctant warrior on inflation

...........Does he consider being termed an “inflation warrior” a compliment or criticism, the RBI Governor was asked. “I do not take that as a compliment,” reacted Mr. Subbarao during an interview to PTI. But he went on to add that if people had said the Governor and the RBI had got the mix between growth and inflation judiciously and drawn a right balance “I would take it as a compliment”. Mr. Subbarao said if people thought that he was an inflation warrior to imply that he was targeting inflation regardless of all other concerns, then that would be misreading of RBI’s policy calculations.............

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