Central banks should tackle financial imbalances even if it means sacrificing some economic growth, the Reserve Bank of India (RBI) deputy governor Anand Sinha said in a speech on Wednesday.
The RBI has recently unveiled a slew of measures including draining cash and raising short-term interest rates, sparking concerns about the impact on economic growth.
Mr. Sinha also said macro prudential regulations and monetary policy should move in the same direction.
Copyright: Thomson Reuters 2013
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