For clarity here, I assume that forward guidance simply refers to the provision of information by a central bank about future monetary policy to the markets and the public, regardless of whether or not the central bank calls it forward guidance.
*  *  *  Assistance provided by Ms Radha Somakumar in preparation of this address is gratefully acknowledged. Shri N. Chandrasekaran, Chairman-CII BANKing TECH Summit 2012 and CEO & Managing Director, Tata Consultancy Services Ltd; Shri Pratip Chaudhuri, Chairman, State Bank of India; Shri Pradeep Bhargava, Chairman – CII Western Region; Mr Manoj K. Kashyap, Executive Director, Pricewaterhouse Coopers Pvt.