Rates are currently “appropriate,” Powell said in a wide-ranging interview with CBS’s 60 Minutes news show in which he called the current rate level “appropriate” and “roughly neutral,” meaning it is neither stimulating or curbing the economy.
It was inevitable that Rajan would be his own man and also equally inevitable that he would leave the confines of a seat which restricts him from giving free air to his ideas.
India purchases around 1000t/annum and the collection of Rs 250 crore under the SGBS accounts for just about 0.1% of the fresh purchases
The home prices are in a bubble zone and the RBI governor does not want to inflate the bubble further by cutting interest rates.
Why does the government want a majority in a committee that decides on the monetary policy of the country?
The 2008 global financial crisis forced the Us government to rescue failing Wall Street banks, But has the situation changed, or are some banks still too big to fail?
Bigger banks aren't necessarily better, especially in an environment where governments cannot let a bank go bust in case it runs into trouble.