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Inflation stability a key for long-term growth: RBI

The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 bps, signaling a shift of focus from inflation to growth. Deputy Governor of the RBI Dr Subir Gokarn says, inflation stability is a key for long-term growth.

January 24, 2012 / 20:09 IST
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In a surprise move, the Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 bps, signaling a shift of focus from inflation to growth.

Dr Subir Gokarn, Deputy Governor of RBI says, inflation stability is a key for long-term growth.
TAGS: #cash reserve ratio #CRR #Dr Subir Gokarn #Economy #growth #inflation #RBI #Reserve Bank of India
first published: Jan 24, 2012 07:57 pm

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