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First Quarter Review of the Annual Policy Statement on Monetary Policy for the Year 2007-08

Y V Reddy

Working Papers from eSocialSciences

Abstract: *Bank Rate kept unchanged *Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from the fortnight beginning August 4, 2007 *GDP growth projection for 2007-08 retained at around 8.5 per cent, barring domestic or external shocks

Keywords: monetary policy; bank rate; inflation (search for similar items in EconPapers)
Date: 2007-07
Note: Institutional Papers
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