Financial Scene: Sense and sensitivity behind rate cut - The Hindu

Financial Scene: Sense and sensitivity behind rate cut - The Hindu

My VIEW:

The article voices the concerns of small savers who provide resources to banks for business. I quote:

"Have the silent savers got back their voice?

Post policy, this statement sounds hollow. The RBI Governor had, on the contrary, justified the cuts, being the outcome of falling inflation as being beneficial to the common man including senior citizens and others who are worst hit.
His argument that lower inflation can lead to higher real return might be technically correct but will not be appreciated by the common man who does not see any decline in the household budget year after year. Inflation expectations are still high and it should be beyond the comprehension of the common man to understand real and nominal return."

Last week, I had commented on the issues covered here.
Read full article...
M G Warrier

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