Coming just after the Supreme Court judgment, the report of the Fact-Finding Committee put paid to the smear campaign against the Governor and confirmed that he had acted intra vires, without any abuse of power or authority as charged by his detractors.
In the aftermath of the recession in the United States, private aggregate demand, both here as well as in Europe and Japan, has strengthened only gradually. This slow rebound has meant that many central banks around the world have held real interest rates low to support real activity and keep inflation stable.