On the Summer Davos Forum last year, I made it clear we should well manage the inflation expectations and credit management was strengthened consequently.

在去年夏季达沃斯论坛上，我就提出了要管理好通胀预期，随后加强了信贷管理。

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The so-called “break-even” rate for inflation has remained close to its current 2.19 per cent through that period, JPMorgan Asset Management says.

摩根大通资产管理公司(JPMorgan Asset Management)称，在此期间，所谓的“损益平衡”通胀率一直保持在当前2.19%的水平附近。

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Food price inflation "is exacerbating the challenge of monetary management in anchoring inflation expectations, " it said.

WSJ: India Central Bank Cuts Lending Rate

They say capital flight and depressed demand, rather than good management, lie behind the fall in inflation (which is still forecast at 15-17% this year).

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But he might not like a further corollary: under a target-zone system, responsibility for exchange-rate management, as well as for controlling inflation, has to be given to the same policymaker.

ECONOMIST: Off target