Ahead of monetary policy review on January 29, RBI Governor D Subbarao on Saturday spoke of poverty and high food inflation in remarks interpreted as dashing hopes of a rate cut later this month.
He said lower segments of the society, which spend a greater proportion of their budgets on food, were more concerned about high food inflation.
“We need to improve our understanding of the poor and poverty,” Mr. Subbarao said in his introductory remarks at the first ‘Suresh Tendulkar Memorial Lecture’ here.
RBI has kept key interest rates unchanged since April, 2012 on inflation concerns. In its last policy review, RBI, however, hinted at lowering interest rates in this month’s review.
Earlier this week, the RBI Governor had said in Uttar Pradesh that fighting inflation is the top priority for the central bank.
Read more >> Click here
No comments :
Post a Comment