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.
1 Post Comments:
Read your blog.Liked it.Here is mine,from an Austrian point of view.Kindly read and post comments.
http://www.reasonforliberty.com/government/the-cure-for-inflation.html
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