Oil prices may still go up. This should never mean that inflation go further northward of 11%. In fact, measures should be taken to bring it to as low as 5%. According to Reserve Bank of India, it has already started intensive examination of issues and options for keeping in control the demand and ease the inflationary pressure.
Earlier this year, RBI said that its monetary policy targets to keep inflation at around 5.5% this fiscal. Target has failed and inflation broke the record of 13 years showing 11.05%. Lets sit and watch how low the monetary policy brings the inflation.
---This post is sponsored by Beer Opener & Claude Monet Oil Painting
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment