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(From Business Line)
from BUSINESS LINE, March 22, 2006 Worries about asset prices have come to Indian shores. Of significant concern to central banks the world over in recent times has been the upsurge in stock markets and property values
At least one major G-7 central bank, the Bank of England, started raising interest rates primarily in response to the UK's housing boom. And what it should do - if anything - about rising property prices has not been far from the mind of the US Federal Reserve, as is clear from the speeches of Mr Alan Greenspan, the previous Chairman; his successor, Mr Ben Bernanke and their colleagues on the Federal Open Market Committee …