In the old days, rates going up was considered tightening, and when they tightened they took money out of the system. I think the riskier thing is using extraordinary monetary policy when you in fact don't need it. We need good infrastructure with property built and delivered on time at the right price. I don't think we have built a tunnel or a new bridge in 50 years. Trade is very good for the country, it's very good for the GDP, it's good for wages but it doesn't mean it's always good for every business.
Source: Economic Times September 19, 2016 02:41 UTC