With the Treasury that is. See pump prices go down by a couple of rupees tonight and this enabled the MPC to raise its policy rate by only half a percent to 5.25% to help set monetary conditions to a level which is not consistent with double-digit inflation by the end of 2011.
So it looks as if Pravind Jugnauth has understood that his last budget was inflationary. And he is not the only one to have made an about-face on the price-stability issue. Indeed, gran frer gran malelve appears to have also recently discovered the joys of low inflation.
So it looks as if Pravind Jugnauth has understood that his last budget was inflationary. And he is not the only one to have made an about-face on the price-stability issue. Indeed, gran frer gran malelve appears to have also recently discovered the joys of low inflation.
2 comments:
I still remember when gran frer gran malelve said those stupid stupid things......was happy you had an entry on it and was able to say a few words too. Now, let me see, so the man on radio today (ex governor of BOM) said Polo is nice to work with.
Seriously I think someone needs to send him a note on what polo said regarding inflation!
PS - we have our local sara palin
Today repo rate goes up by another 0.25% to reach 5.5% in order to continue "d’éviter les effets de second tour et la spirale prix-salaires" and contain inflation within 5 to 6%.
After Mrs Prayag, Mr Kalla is another one from l'express getting out of their pro-JEC torpor...
Those who are again whining should read this still-relevant interview again. But this guy's suggestion for hedging on currencies is quite fishy, to say the least...
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