India Overhauls Monetary Policy With Inflation Target
MUMBAI — India’s central bank and the finance ministry have agreed, in the biggest change to monetary policy since opening up its economy more than two decades ago, to introduce…
Tag: monetary
Weimar on the Aegean
Try to talk about the policies we need in a depressed world economy, and someone is sure to counter with the specter of Weimar Germany, supposedly an object lesson in…
Strauss-Kahn Expected to Defend Legality of Lust at Trial
LILLE, France — Dominique Strauss-Kahn, the former head of the International Monetary Fund who is accused of participating in a global sex ring, was expected to testify on Tuesday to…
India Moves to Increase Bank Lending
HONG KONG — India’s central bank said Tuesday that it would allow commercial banks to hold less money in reserve, and Australia’s central bank cut rates to an record low,…