Central bank governors aim for the holy trinity of low interest rate,
low inflation and high GDP growth.
In India, interest rates were liberalised only in the 1990s.
Each of the six successive RBI governors since 1990 has enjoyed greater autonomy than his predecessor.
In India, interest rates were liberalised only in the 1990s.
Each of the six successive RBI governors since 1990 has enjoyed greater autonomy than his predecessor.
No comments:
Post a Comment