BY SUDEEP JAIN
GOA, India?Interest rates in India will come down only when there is a sustained fall in inflation, a deputy governor at the country's central bank said Sunday, indicating inflationary risks may stay its hand from easing monetary policy for now.
"We have to balance growth and inflation risks, and when we see the inflation risk being the dominant one, as we have seen now, we cannot afford to ignore that risk, especially since pressure points on food and oil prices are re-emerging," ...
BY SUDEEP JAIN
GOA, India?Interest rates in India will come down only when there is a sustained fall in inflation, a deputy governor at the country's central bank said Sunday, indicating inflationary risks may stay its hand from easing monetary policy for now.
"We have to balance growth and inflation risks, and when we see the inflation risk being the dominant one, as we have seen now, we cannot afford to ignore that risk, especially since pressure points on food and oil prices are re-emerging," ...
Source: http://online.wsj.com/article/SB10000872396390444443504577598933939129056.html?mod=asia_home
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