Bhattacharya quoted in Economic Times story

April 4, 2018

Dr. Joydeep BattacharyaJoydeep Bhattacharya, professor, was quoted in an April 4th story "Linking interest rates to MCLR may hurt borrowers more than benefit them" in The Economic Times.

“In the US, the Fed by its actions does affect the mortgage rate, but it does not set it,” says Joydeep Bhattacharya, professor of Economics, Iowa State University. “Mortgage rates are set by market forces. I think the RBI should follow a similar policy.”

Read the story.

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