August 14, 2013 / 5:03 AM / 4 years ago

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.

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai July 30, 2013. REUTERS/Vivek Prakash

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below