While central banks have cut interest rate to levels unprecedented in recent monetary history, the outlook for economic activity remains weak. To further support the economy, many central banks have adopted non-standard monetary policy measures.
Raghuram Rajan: The independence of the central bank Remarks by Dr Raghuram Rajan, Governor of the Reserve Bank of India, at St. Stephen’s College, New Delhi, 3 September 2016. *  *  *  Good afternoon. It is great to be invited to speak at St. Stephen’s College.