Rajan Will Be Tight On Monetary Policy: Gita Gopinath
  • Elizabeth George
  • Sep 20 2013

September 20: Gita Gopinath, Professor of Economics at Harvard University, says that the RBI was slow in responding to inflation initially but they were somewhat successful in keeping inflation down. The monetary policy is likely to remain tight as RBI Governor Raghunath Rajan is not a great proponent of QE, she says, adding that Rajan is also interested in proper credit allocation in markets.