Thursday, December 11, 2008

SBI says more economy stimulus may be needed

State Bank of India said on Thursday there was some concern that the economy would require further stimulus beyond the interest rate cuts and extra spending announced last weekend.

'There are still concerns the economy may require more,' O.P. Bhatt told reporters at a banking conference.

Bhatt said the bankers would discuss what measures might be required to further boost the economy.
-The Economic Times

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