rbi speech, 2006-05-11
The IMF (World Economic Outlook, April 2006) has highlighted that to the extent that higher net savings by oil exporters have driven down global interest rates, and that these lower rates have boosted demand in economies with market based financial systems, such as the United States, the oil price shock may also have had an additional negative effect on the US external position.
Sentiment: neutral
Topic: mp_interest_rate