NEWS & ADVICE : HOME LOANS
RBI uncertain about reducing interest rates
By Joseph Samson
Dec 23, 2011
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Inflation and dip in the economic growth rate are among the major problems that the country is facing at present. To rein inflation the Reserve Bank of India started hiking the policy rates which created problems for the borrowers.

Clearing the stand of apex bank, Mr. D. Subbarao, Governor of RBI said that economic growth and inflation both are required to be balanced. He also said that the bank wants economic growth without any inflation.

He also suggested that it is the best time to make investments for the people who do not mind taking risks. He was however not certain about when the RBI will be in a position to reduce policy rates.


 


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