RBI’s Today Monetary Policy Announcement would help in getting us back to a more Comfortable Inflation Situation soon: FM
The Union Finance Minister Shri Pranab Mukherjee has said that the today’s monetary policy announcement by Reserve Bank of India (RBI) would help in getting us back to a more comfortable inflation situation soon while leaving scope for growth to pick up in the second half of current fiscal year. The Finance Minister Shri Mukherjee was responding to the RBI today’s announcement vide which it has increased the policy repo rate by 25 basis points from existing 8.25% to 8.50%. The reverse repo rate has also gone up from 7.25% to 7.50%. The Finance Minister Shri Mukherjee said that the RBI Governor has chosen to reinforce his commitment to moderate inflation and check inflationary expectations, in the face of continued stickiness in headline inflation. Shri Mukherjee said that this has implications for credit costs and investment growth. The Finance Minister said that we are looking at all options for strengthening investment sentiments in the coming months.
Always look at our RBI Governor image, whenever he hikes the Rate he keeps on smiling. You know why? because he thinks all other are idiots and now also they will pay more in the name of “strategy for curbing inflation” the moment people realises their power this kind of idiots will no longer be seen nearby Indian border also. THEY ARE LIKE TERMITE. Keeps eating you from inside till your last breathe in the name of Indian economy. They are truly un-qualified economist (not from education perpective). Mr. PM if you read this article start using your brains you are travelling with dumb idiots. Company increases your salary in every 2 years this governor increases rate of interest every now and then.