Read more at:
In a nation that lost nearly a decade of economic prosperity because of high inflation, it is natural to be obsessed about price pressures. No wonder the government of the day went ahead creating a new institution called the Monetary Policy Committee (MPC), at the risk of taking the blame for eating into the autonomy of the Reserve Bank of India or 'clipping the wings' of its Governor, to ensure the nation doesn't pay the price yet again for imprudence.
Thanks to sensitizing investors and masses by learned economists that all eyes are on the inflation reading put out by the statistics department month after month to guess what the MPC, mandated to target inflation at 4 per cent in a 2 per cent band, would do.
No comments:
Post a Comment