........A former chief economist for the International Monetary Fund who became governor of the Reserve Bank of India last September, Mr. Rajan has previously said he wants to see consumer-price inflation slow to 8% by January and 6% by 2016. "If we look like we're not set to hit it obviously we'll have to tighten," Mr. Rajan said. "If we look like we're going to achieve it well in advance, we have room to be more accommodating." Mr. Rajan, who as governor has final say over interest-rate setting, left the RBI's main policy interest rate unchanged at 8% earlier this month, citing slowing inflation that was still too high for comfort.........
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