Ex-RBI chief: Look through oil shocks, act only if they last
Dubai: Central banks should look through oil shocks at first and tighten only when the shock persists, says Duvvuri Subbarao, former Governor of the Reserve Bank of India. In an interview with Gulf News , he outlined the playbook that global economies should resort to when faced with supply shocks. Monetary policy works on demand, growth and exchange rates, so it does little against a supply…
We haven't written up this one. Gulf News has the full story — the link below goes straight to it.
