The above arguments, though valid in some countries, fail to recognize that in countries such as India, given the large size of the government borrowing program, sovereign debt management is much more than merely an exercise in resource raising.
It will examine both  BIS central bankers’ speeches  5  upside and downside risks to economic activity and prices, and make adjustments without hesitation if necessary to achieve the price stability target. Concluding remarks Before ending my speech, I will talk about what next year will be like as today is almost the end of the year.