TOKYO: Reserve Bank of India Governor Raghuram Rajan said today that both the government and the central bank have expressed the need to bring down inflation, while respecting the fact that economic growth is "very weak."
from Top Stories - Google News http://ift.tt/1o4zz6E
via IFTTT
"We need to ensure, through a variety of steps, that we sustain the growth process," he told during a seminar in Tokyo.
Rajan said there was a "fairly long, established tradition of respect and mutual consultation" between the RBI and the government, dispelling views that there was tension between the two sides.
"I think the government respects the fact that the central bank determines monetary policy," he said.
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at http://ift.tt/jcXqJW.
from Top Stories - Google News http://ift.tt/1o4zz6E
via IFTTT
0 comments:
Post a Comment