India Inflation: What is the RBI smoking?

Thursday, December 18, 2008

Yesterday, the RBI said: Inflation continues to be at unacceptable levels

Today:  Inflation fell further to 6.84% during the week ended Dec 6 from 8% a week earlier.

It is time to look forward and not backward...inflation will drop to 1 or 2% in a few weeks/months..India needs a sharp reduction in interest rates.  We do not need to import deflation.

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1 Post Comments:

deadmanoncampus said...

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