Thursday, October 22, 2015

India's Central Bank Chief Questions Easy Monetary Policies

The head of India's Central Bank says the IMF needs to stop "applauding" easy monetary policies and start looking at the consequences instead. Below are some quotes from this article appearing on Yahoo news.

"The head of India's central bank on Monday called for the International Monetary Fund to stop "applauding" the monetary easing policies of many developed countries.
Reserve Bank of India governor Raghuram Rajan said in a speech that the IMF should be doing more to assess the knock-on effects of stimulus measures on the global economy.
"The IMF is supposed to be looking at these sorts of issues... but it is sitting on the sidelines and applauding such policies," he told a G20 consultation meeting in Mumbai."

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