Highlights of Annual Policy Statement for the Year 2005-06
Stance of Monetary Policy
Overall stance of monetary policy for the year 2005-06 will continue to be as set out in the mid-term Review of October 2004 which includes: (i) Provision of appropriate liquidity to meet credit growth and support investment and export demand in the economy while placing equal emphasis on price stability, (ii) consistent with the above, to pursue an interest rate environment that is conducive to macroeconomic and price stability, and maintaining the momentum of growth and (iii) to consider measures in a calibrated manner, in response to evolving circumstances with a view to stabilising inflationary expectations.
Go Back To Highlights of Annual Policy Statement 2005-06
|