RBI interest rates are set appropriately: Rajan

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Source: RTT News
Governor of the Reserve Bank of India Raghuram Rajan revealed that the bank's policy is rather to dis-inflate than ‘abruptly' and the benchmark interest rate will stay at current level, Rajan said in his Wednesday's speech in Mumbai. The RBI plans to push down the consumer price inflation by 2015 to a level of 8% and by 2016 to 6%.

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Thu, 27 Feb 2014 08:50:08 GMT

German import prices stay unchanged in January

Import price in the Europe's largest economy continued to decline at the beginning of 2014, however the pace of drop was lower than economists originally projected, the latest data revealed by the Federal Statistical Office showed on Thursday. German import prices slipped by 2.3% year-on-year in January, the same level measured in December.

Thu, 27 Feb 2014 08:49:51 GMT

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