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Raghuram Rajan, inflation now “more than transitory.”

Raghuram Rajan, who led India’s Reserve Bank of India between 2013 and 2016, said this accommodative policy from many central banks had caused bubble-like conditions.

He added that he believed that inflation had now become “more than transitory.”

“Worst of all, is that the markets believe that central banks have their back. If things collapse they will come back again with really accommodative policy, and if that’s the case then the central banks are, in a sense, trapped by the markets.”


Something in all this does not add up

Raghuram G. Rajan Project Syndicate 2 August 2021


Raghuram Rajan, one of the few economists to see the financial crisis coming, wins the Financial Times and Goldman Sachs Business Book of the Year award

FT 28/10/2010


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