..........The question of what Governor D. Subbarao should do next is intimately linked to the question of what the “correct” level of interest rates should be in the first place. A tighter monetary policy after a long period of unusually low interest rates has very different implications from a similar action when interest rates are close to their neutral level, where monetary policy is neither tight nor loose. One useful way to estimate the desired level of interest rates is based on two sets of data............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment