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Full Statement by Dr.
Bimal Jalan, Governor, Reserve Bank of India on Mid-term Review of
Monetary and Credit Policy for 1999-2000)
Introduction :
As in the previous year, this Statement on Mid-term Review of Monetary and
Credit Policy consists of three parts:
The
mid-term assessment of macro-economic developments is in line with the
earlier projections and, by and large, it is proposed to continue with the
direction and thrust of policy measures announced in April 1999 for the
rest of the year. The stance of monetary policy for the second half of
1999-2000 would also remain broadly the same as in the first half.
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