Financial Daily from THE HINDU group of publications
Wednesday, Aug 18, 2004
Financial Daily from THE HINDU group of publications Wednesday, Aug 18, 2004 |
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Money & Banking
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RBI & Other Central Banks `Price stability with growth is RBI's aim' Our Bureau
Dr Rakesh Mohan
Mumbai , Aug. 17 THE Reserve Bank of India has successfully brought down inflationary expectations in the domestic financial markets as evidenced by the strong reactions to the recent spike in inflation, according to Dr Rakesh Mohan, RBI Deputy Governor. "As an observer it is very heartening to note the strong reaction to the recent rise in inflation, as it demonstrates that the RBI has met with some success in lowering inflationary expectations in the last number of years," he said. He was talking to presspersons on the sidelines of a Crisil seminar on `Investment opportunities in the Indian debt market' here today. Dr Mohan emphasised that price stability would continue to be one of the key objectives of the monetary policy, alongside sustaining economic growth. "As we've said in the policy statement, price stability along with growth will remain our key objective," he said.
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