Can the central banks consider themselves to be apart? Can they be reluctant to listen to the Governmental or to industry pleas?Can it be that the Central bank, in its pursuit of the monetary policy, be obsessed with price management and leave growth management to non monetary interventions?
India needs 8 % but gets 5 % growth: yet the Reserve Bank of India continues in its state of ' concerned inactivity'.
India needs 8 % but gets 5 % growth: yet the Reserve Bank of India continues in its state of ' concerned inactivity'.
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