RBI governor Rajan says inflation higher than desired
Speaking at a university in London, the Reserve Bank of India governor Raghuram Rajan said on Friday that inflation in India remains higher than policymakers would like to see (Reuters). He said, "Broadly core inflation has been fairly sticky, a bit higher than we would want. It hasn't moved up and down. We will continue on the task of anchoring expectations." Highlighting the possibility of a good monsoon season, Rajan said India was in the midst of a slow recovery though there were signs of faster growth. He expressed optimism about the banking sector in India after a bankruptcy law passed by parliament last week helping the country's banks reduce risk on their lending instruments.
Speaking at a university in London, the Reserve Bank of India governor Raghuram Rajan said on Friday that inflation in India remains higher than policymakers would like to see (Reuters). He said, "Broadly core inflation has been fairly sticky, a bit higher than we would want. It hasn't moved up and down. We will continue on the task of anchoring expectations." Highlighting the possibility of a good monsoon season, Rajan said India was in the midst of a slow recovery though there were signs of faster growth. He expressed optimism about the banking sector in India after a bankruptcy law passed by parliament last week helping the country's banks reduce risk on their lending instruments.
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