Rajan urges regulators to 'lean into the wind'

RBI governor Raghuram Rajan on Tuesday asked regulators to exert greater caution when faced with the potentially inflammatory mix of asset price inflation and easy credit. Addressing the Bank of Italy on lessons learned after the economic crisis of 2007 to 2009, Rajan said the key to getting the benefits of financial access was to "always be conservative, taking away the punch (bowl) when the party gets going."

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