Tuesday, 26 April 2011

Credit policy on May 3: What should the RBI do?

Jahangir Aziz, Chief Economist, JPMorgan
The credit policy will be announced on May 3, 2011. It could be a very crucial policy because we have had two months of bad inflation data. The underlying momentum of month-on-month core inflation continues to bedevil the economy. So, what should the RBI do? Is it time for a double dose?
In an interview with CNBC-TV18, Jahangir Aziz, Chief Economist, JPMorgan, speaks about his expectations from the Central Bank.
Also read: Beware of over action, ex-governor YV Reddy cautions RBI
Below is the transcript of his interview with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. Also watch the accompanying videos.

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