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Moneycontrol.com >> Message Board >> View Messages >> Economy
   You are here :     Moneycontrol     MMB    Market View      Economy                         Most active discussions of 2006 , 2007 & 2008
Inflation NEW Figure on the way (1)   04-Jul-08 20:29Tracked by (0)  
Posted by:   stox & more on ( 04-Jul-08 20:29 )
Volatile prices of food and commodity prices have pushed inflation higher and the most urgent priority for central bankers was to calm nerves on inflation, Reserve Bank of India (RBI) Governor Yaga Venugopal Reddy said.

"The most urgent and short-term priority for central bankers at the current juncture seems to be to calm the nerves about inflation or to anchor inflation expectations, with an implicit recognition that a somewhat elevated headline inflation in the short-term may be difficult to avoid," Reddy said in a speech in Manchester.

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