Low inflation gives room for manoeuvre:
Low euro zone inflation gives monetary policy room for manoeuvre to help stabilise markets and lend support to the real economy, European Central Bank Governing Council member Ewald Nowotny was quoted as saying.
RBI Governor D Subbarao has said inflation can be brought down to 4-4.5 pc in the medium term while admitting that the economic expansion is being sacrificed to ensure sustainable growth in the long run.