The Indian government and central bank are working hard to underplay inflation ...Middle East

Quartz - Economy
The Indian government and central bank are working hard to underplay inflation
source : Quartz ( Middle East ) () 32
The Reserve Bank of India (RBI) has apparently been trying to underplay inflation for the government’s benefit.A three-part investigative report by The Reporters’ Collective and Al Jazeera, this week, has shown that the RBI may have used an unwritten “escape clause” to avoid treating its inability to rein in price rise as “failure.”The government has played along because the central bank would otherwise be forced to hike interest rates, making its market borrowings more expensive and worsening things for India’s wobbly economy.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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