India central bank deputy says financial imbalances need to be tackled
MUMBAI (Reuters) - Central banks should tackle financial imbalances even if it means sacrificing some economic growth, the Reserve Bank of India deputy governor Anand Sinha said in a speech on Wednesday.
India's central bank has recently unveiled a slew of measures including draining cash and raising short-term interest rates, sparking concerns about the impact on economic growth.
Sinha Also said macroprudential regulations and monetary policy should move in the same direction.
(Reporting by Shamik Paul; Writing by Subhadip Sircar; Editing by Rafael Nam)
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