The government on Friday suggested whether the country needed a more flexible timeline for its inflation targets given the need to help indebted companies lower their debt levels, according to its mid
The government on Friday suggested whether the country needed a more flexible timeline for its inflation targets given the need to help indebted companies lower their debt levels, according to its mid-year economic report out on Friday.
“How can borrowing costs be lowered without jeopardising the medium term inflation objective ” the government said in the report, authored by CEA Arvind Subramanian. “Is there a case for a more gradual glide path or greater flexibility in interpreting the inflation objective ”
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