JACKSON HOLE, Wyo.—The Reserve Bank of India is in an accommodative phase of monetary policy, meaning it is looking to reduce interest rates, RBI Gov. Raghuram Rajan said.We paraphrase Holden Caulfield;
You can't ever find a place that's nice and peaceful, because there isn't any. You may think there is, but once you get there, when you're not looking, somebody'll sneak up and write "interest rates are the price of money" right under your nose. I think, even, if I ever die, and they stick me in a cemetery, and I have a tombstone and all, it'll say "HSIB" on it, and then what year I was born and what year I died, and then right under that it'll say "interest rates are the price of money." I'm positive, in fact.