.......After
every RBI action, various government functionaries comment on it. But
this time when you raised repo rate, there were no comments from New
Delhi. How did you achieve it?
Anyway, look the finance ministry and the RBI talk. It has been true since September 4th, it was true before September 4th. We talk and very rarely one side surprises the other... Let me start by saying objectives are the same. Both sides want growth, both sides want low inflation. The pace and the instruments we use to achieve those objectives, there is always a healthy debate and ultimately I think this is true in every country and the whole issue is to try and convince the other side.......
Anyway, look the finance ministry and the RBI talk. It has been true since September 4th, it was true before September 4th. We talk and very rarely one side surprises the other... Let me start by saying objectives are the same. Both sides want growth, both sides want low inflation. The pace and the instruments we use to achieve those objectives, there is always a healthy debate and ultimately I think this is true in every country and the whole issue is to try and convince the other side.......
1 comment:
This interview gives in one place Dr Rajan’s perceptions on RBI’s role, RBI-GOI relationship and the need for skill development in RBI, among other issues. Team ET has asked right questions and where there was ambiguity in questions, the answers were elaborate to make things clear. It was a refreshing experience reading this, as, in some interviews in the recent past with heads of some organizations, published in the media, the questions had more ‘content’ than the answers.
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