.......... “For effectively containing inflation requires putting in place a monetary policy framework defining a nominal anchor, as well as deregulating food markets to curb food inflation,“ says the latest economic survey . “Monetary policy is central to inflation in the long run.“ A government document backing Rajan's inflation targeting proposal augurs well for co-ordination between the new government and the central bank on policy issues. Any fiscal consolidation and moving towards market pricing of commodities such as fuel and fertiliser as well as rail fares, though may be inflation inducing in the short term, would help temper prices in the longer term.....
Read - ET
Read - ET
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