BIS Review 127/2010  3  4  BIS Review 127/2010  BIS Review 127/2010  5  Notwithstanding these episodes of double digit inflation, it is important to recognize that India has been a moderate inflation country and the average inflation has come down over the last 15 years.
The role of money in the design of monetary policy in the euro area has been one of the more criticised aspects in our monetary policy strategy.