The Reserve Bank of India (RBI) cut rates to their lowest levels in seven years in August. To maintain price stability, boost economic growth, promote employment and broadly maintain the balance of payments. “The choice of a multi-objective central bank has to do with China’s circumstances as a transition economy,” Zhou said during the speech. After more than a decade of deflation, the BOJ adopted a 2% inflation target in January 2013. Whichever way the Fed balance sheet plays out, Asia’s central bank governor have an array of options on how to respond.

Source: Mint August 21, 2017 03:11 UTC