Mohan on financial sector reforms, monetary policy

In the speech 'Financial sector reforms and monetary policy: The Indian experience' given on 2 June Rakesh Mohan of the Reserve Bank of India said the RBI will maintain vigil over asset price rises, especially in housing and real estate that are emerging as key areas of challenge.

"This risk sensitive approach has served us well in containing aggregate demand pressures and second round effects to an extent," Mohan told an audience at Stanford.

"It has also ensured that constant vigil is

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