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What does 'ground clearance' mean? Can anyone explain?
- When the central banks of other countries were essentially offering free money, India's realized that, as a democracy of mostly poor voters, it couldn't afford to grow at 10 percent a year if that meant skyrocketing prices for essential commodities like rice and flour.
- For that reason, the central bank constricted the money inflating the real-estate bubble (and prices for everything else) by raising interest rates to a peak of 12.5 percent last summer, which earned it criticism for being out of step with more aggressively growth-oriented central banks.
- Because of this, India has ample ground clearance to lower rates and reduce reserve requirements for banks to spur growth and avert deflation.
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お礼
毎度お世話になります(´＿｀。) なるほどー overhead clearance って言葉もあるのですね。 これでしっかり覚えることができました。 ありがとうございました(´＿｀。)