The amount of public deposits held by them is also showing a declining trend and has come down from Rs 5035 crore (March 2003) to Rs 2043 crore (March 2007).
BIS central bankers’ speeches  5  interest rate and expected inflation.5 One implication of this is that the nominal interest rates should move in tandem with inflation. In the real world, nominal interest rates may not change one for one with the inflation rate but the direction more often is similar.