With three quarters of data already in, this projection is likely to be an accurate one. 2  The fourth quarter of 2011 has not ended. Hence, what I’m calling “current unemployment” is actually the FOMC’s projection of the average unemployment rate in this quarter.
The PCR in India has been conceived as a data infrastructure that the financial ecosystem within and outside the Reserve Bank would be drawing data from as per the PCR’s access policy. The prospective users will include lenders like banks and non-bank lenders including the new “fin-tech” lenders; others providing data analytics such as rating agencies and credit information companies; as well as regulators.