India hikes rates by 25 basis points to 7.75%: ""Monetary and fiscal policy cannot both be accommodative at the same time and have inflation where it is. Hence, the RBI has taken on some of the burden. It's telling you that though growth is so weak, they are still tightening essentially because they see fiscal slippage as a potential risk," said Radhika Rao, Economist at DBS."
A lesson in economics, badly needed by the U.S.A.
'via Blog this'
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