Tackling the eventual taper

Description

The RBI Governor has shared his mind with the public. The growth assessment is subdued, and only some pick-up is expected on account of brightening prospects for agriculture and upturn in exports. Inflation, either measured by the WPI or CPI, is expected to be high during the year. To anchor inflation, the repo rate has been raised by 25 basis points while the marginal standing facility rate has been lowered by 75 bps to release liquidity in the system. This is a very well-calibrated move by RBI. The central bank will continue to be vigilant and is preparing a number of schemes and measures, with various committees announced earlier swinging into action. Read more at: https://www.financialexpress.com/archive/tackling-the-eventual-taper/1172708/

Publication Date

23-9-2013

Publication Title

Financial Express

Publisher

The Indian Express [P] Ltd.

Keywords

Economics, Indian economy, Banking, Liquidity, Monetary policy, Financial crisis, Global economy, Financial system

Source Link URL

https://www.financialexpress.com/archive/tackling-the-eventual-taper/1172708/

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