RBI’s Subbarao justifies greater central bank focus on poverty

subbarao-reservebankofindia

The governor of the Reserve Bank of India (RBI), Duvvuri Subbarao, on January 19 justified the central bank's move "out of its traditional domain" and towards a greater focus on the identification and measurement of poverty.

Delivering the welcoming remarks at a memorial lecture in Pune, Subbarao said an awareness of poverty was an important step towards a "holistic assessment" of central bank policies. He noted that inflation affected different segments of society differently, and added: "One

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