Former Indian Central Bank Chief Warns Rapid Rate Moves Could Fuel 'Wealth Shock' That Scares Consumers - NewsBreak

Raghuram Rajan, who led India's Reserve Bank of India between 2013 and 2016, said this accommodative policy from many central banks had caused bubble-like conditions. He added that he believed that inflation had now become "more than transitory." Former Indian Central Bank Governor Raghuram Rajan highlighted the tightrope that...