Friday, August 5, 2011

I think I will scream like a banshee if I read the words "Basis Point" - followed by "1 Basis Point is 1/100th of a percentage point" in parentheses - even one more time. Every time the RBI hikes its key rates, which happens more often than not these days, the newspaper articles are flooded with these words. The expert comments follow - some are still talking about a 9% growth and some are being skeptical about it. What is a laywoman like me supposed to infer?

As the Americans say "Enough monkey business! Do it already!".

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