home page



 

Newsletter

Daily Rates

Daily News

Book Store

Home

Conferences

Technology

Finance

click here


  credit policy   overview | coop banks | basics | lending |adv banking | products | IT & banking  
                                                         
daily news | banking software| bank directory| internet banking| IT directory| bankers forum


RBI CREDIT AND MONETARY POLICIES (1999-2006) click here



Macroeconomic and Monetary Developments in 2005-06
-Announced on the 17th April 2006



Price Situation

Headline inflation firmed up in a number of economies during 2005-06 on account of international crude oil prices reaching a record high and remaining at elevated levels. Accordingly, many central banks tightened monetary policy during 2005-06 in order to contain inflation and inflationary expectations, especially in view of the fact that a significant part of the increase in international crude oil prices is increasingly viewed as somewhat permanent.

In India, headline inflation and inflation expectations remained well-contained during 2005-06, despite continued dominance of supply-side factors. Fiscal and monetary measures undertaken since mid-2004 to reduce the impact of imported price pressures on domestic inflation and to stabilise inflationary expectations were successful in containing inflation towards the desired trajectory during 2005-06.

In India, year-on-year wholesale price inflation was 3.5 per cent on April 1, 2006 as compared with 5.7 per cent a year ago.

Go Back to Main Page of Macroeconomic and Monetary Developments in 2005-06

Click Here For Annual Policy Statement for the Year 2006-07




Advertise | Book Store | About us | Contact us | Terms of use | Disclaimer

Banknet India | All rights reserved worldwide.
Best viewed with IE 4.00 & above at a screen resolution of 800 x 600 or higher