Tuesday 19 Mar '13The companion piece to this article, a few days ago, sought some insights into why India’s inflation, initially manifest largely in food inflation, but now gradually disseminating to other components in the consumer price index, remained so persistently high, particularly in an environment where growth has slowed so dramatically and swiftly.
Friday 15 Mar '13This is not a paean to cutting rates. It can’t be. Which central bank can legitimately wade into (further) monetary policy easing when the maximum function of the multiple inflation indicators that are tracked by RBI is reading 11%?
Thursday 25 Oct '12During any crisis, apart from changes in the operating and regulatory environment which serve to make processes stronger, one of the outcomes is that obscure words—terminologies, institutions, actions—come out of the confines of insiders into a wider lexicon.
Thursday 14 Jun '12Part 1 of this article made the case for breaking out of the vicious cycle of macroeconomic imbalances caused by slowing growth, large fiscal and current account deficits, the weakening rupee and persistently high inflation.
Tuesday 25 Oct '11Given the sense of inevitability of continuing tightening at its monetary policy review yesterday, RBI will have sewn up the arguments of its inflation-fighting stance preparatory to another 25 basis points hike to 8.5%, together with a statement of its commitment to carry on with “its unfinished task of taming inflation”.