Home > Macro Trends, Market View > RBI on inflationary vigil

RBI on inflationary vigil

Friday, July 31, 2009 Leave a comment Go to comments

As I had indicated earlier-inflation and fiscal deficit remain the biggest threat to Indian economy in the medium term. RBI Governor Mr. Subba Rao has alluded to the same concerns and says that RBI is planning to rollback the monetary expansion as soon as growth returns. This certainly means that RBI might raise interest rates sooner than you and I expect!

Indian governors have never been Keynesian and going back to monetarist roots is all but natural.

It will be interesting to note what Ben Bernanke does in the US. As posted earlier, the great macro trader Soros thinks that stagflation is imminent in the US.

Categories: Macro Trends, Market View Tags:
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: