Signaling interest rate cut to boost economy at its annual credit policy tomorrow, the Reserve Bank said it would shift the focus to arresting declining growth while keeping inflation under control.
“Inflation expectations moderated in the fourth quarter of 2012-13 but remain high. With significant upside risks to inflation, monetary policy needs to keep them anchored, while shifting the balance of policy to arrest the deceleration in growth momentum,” RBI said on the eve of annual monetary policy.
From: http://ping.fm/87vpU
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