RBI says inflation beyond tolerable levels
Reserve
Bank of India (RBI) on Friday, 29 August 2008, said the inflation rates
have hardened beyond tolerable levels and the monetary policy will
continue to address aggregate demand pressures, which appear to be
strongly in evidence. The central bank also said it had to ensure that
the effectiveness of monetary policy was not diluted by fiscal
expansion.
There were several risks to growth prospects of the
economy in the short term, stemming from both global and local factors,
the central bank said in its review of the year ended 30 June, 2008.
0 comments:
Post a Comment