Two more months? Duvvuri Subbarao’s projection that inflation will turn down in December is oddly specific. The governor of the Reserve Bank of India, after all, has spent much of the past two years reminding everyone of his inability to do anything about structural imbalances in agriculture, infrastructure capacity bottlenecks, distorted administered prices of several key commodities, and the pace of fiscal consolidation – all of which have conspired to keep the country’s headline rate of inflation well above the RBI’s target zone over that period. On Tuesday, the old excuses came out again, as the RBI raised its key interest rates for the 13th time since March last year.
还有两个月？印度央行(Reserve Bank of India, RBI)行长杜武里•苏巴拉奥(Duvvuri Subbarao)有关通胀率将从12月起回落的预测具体得出奇。毕竟，他在过去两年的大部分时间里一直在提醒大家：在农业结构失调、基建容量瓶颈、几种关键大宗商品由政府管理的价格扭曲，以及财政巩固的步伐等问题上，他无能为力 —— 在此期间，上述问题令该国的整体通胀率远远超过RBI设定的目标区间。周二，当RBI自去年3月以来第13次宣布提高关键利率时，这些老调重弹的借口再度出现。