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Finance head favors rate hike to sustain growth in the country

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Current economic fluctuation has become a major national issue of the country. With a short note with www.propertykhazana.com finance head of the country – Pranab Mukherjee has declared that there should not be any compromise from the end of ‘Central Bank ‘in the country’s growth regarding the monetary system of the country. This a crucial statement made just the time before next financial policy’s meeting. He further states that for the sake of inflation there is no point of compromising with the growth rates of country.
Currently the stand of Australia to hike the rates has made another impact on other national economies to follow up the same trend with in next couple of months as per an analysis made on behalf of www.propertykhazana.com. The inflation boom is a part of the country’s economy and it will be stabilize with growing time and situation on future extent as commented by country’s expert on the issue.
On the other hand the day next of the increased cash rate by the Central Bank of Australia is still on debate as stated by a prominent economist Alaistair Chan in Sydney. He further states that “for the case of Asia the next part of hike may come out from central bank of Korea or the Reserve bank of India”. On the issue of rate hike in India governor of Reserve Bank of India – states that “though we are in the team of exceeding the rates in the country but we have not finalized the shape and size of the hike yet”. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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