India’s potential rate of growth was sliding well before the pandemic, partly because interest rates were too high. The central bank targeted inflation, but consistently overestimated.from Economy-News-Economic Times https://ift.tt/3ifQUMz
Wednesday, September 9, 2020
India’s inflation dilemma shows how post-Covid central banking is groping towards a new normal
India’s potential rate of growth was sliding well before the pandemic, partly because interest rates were too high. The central bank targeted inflation, but consistently overestimated.from Economy-News-Economic Times https://ift.tt/3ifQUMz
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