Sunday, September 2, 2007

Credit Policy

How to judge the effectiveness of the credit policy?

The decision to increase the repo rate by 25 basis points is clearly aimed at controlling inflation, targeted to remain within 5-5.5 per cent in the short run, while maintaining the trend towards a higher growth path.
Thus begins Dr Shanto Ghosh, Director and Principal Economist, Deloitte, Haskins and Sells, Mumbai, while discussing with Business Line the latest monetary policy review by the Reserve Bank of India.

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