https://www.taxtmi.com/news?id=11889 Monetary policy must reconcile weak demand and tepid growth with persistent inflationary pressures; modest growth recovery is expected later in the year from agriculture and exports, but private consumption and investment remain weak. Inflationary risks persist due to high wholesale and consumer prices and possible second round effects from food and fuel prices despite a good monsoon. External sector risks have eased with moderating current account pressures and improved exports, while broad money and credit growth are aligned with the Bank's trajectory. Incremental calibration of monetary policy should be guided by the growth inflation balance and accompanied by structural reforms and quicker project implementation. en-us Tue, 29 Oct 2013 11:36:45 +0530 Tue, 29 Oct 2013 11:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11889 Monetary policy must reconcile weak demand and tepid growth with persistent inflationary pressures; modest growth recovery is expected later in the year from agriculture and exports, but private consumption and investment remain weak. Inflationary risks persist due to high wholesale and consumer prices and possible second round effects from food and fuel prices despite a good monsoon. External sector risks have eased with moderating current account pressures and improved exports, while broad money and credit growth are aligned with the Bank's trajectory. Incremental calibration of monetary policy should be guided by the growth inflation balance and accompanied by structural reforms and quicker project implementation. News - Tue, 29 Oct 2013 11:36:45 +0530 https://www.taxtmi.com/news?id=11889