The season for rate cuts

RBI lives upto its reputation

More than guessing whether the central bank would cut rates, this time, the bets were on whether he will cut rates out of schedule!
Uncertainty has become the guv's signature style...and the government is seen to be endorsing this uncertainty.

My point is whether inflation becomes an overarching monetary policy objective, with elections round the corner....

T h i s m o r n i n g.....

In one of my very rare privileges as a journalist - I had met Stanley God Fischer - the man himself - one of world's most influential policymakers. Filing his interview for the paper, will put it up soon. And guess what he refused to comment on his erstwhile student - Bernanke's stint at the Fed so far...

(you will now find the interview here - http://economictimes.indiatimes.com/Opinion/Interviews/
Policy_response_to_crises_has_to_be_quick/rssarticleshow/2757358.cms)