
RBI's Reddy sees demand pressure build up
Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.
"There is dominant supply side pressure, but demand-side pressure is not too weak either," Reddy told reporters. He said the central bank's inflation forecast of 5.0-5.5 percent by March 2006 factored in crude oil prices at $60 a barrel.
Reddy said there were expectations that the repo rate would revert bac
More on Economics
Latest issue
Most read
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- The Bank of Italy’s approach to risk-based budgeting
- BoE faces ‘uncomfortable’ approach to May meeting – Forbes
- Fintech in the ‘new era’ – Sustainable and sound development
Back to Top