Focus on price stability – The Hindu (Aug 10, 2016)
Reserve Bank of India Governor Raghuram Rajan provided no surprises in his final monetary policy announcement as he kept the central bank’s unwavering focus on inflation by leaving interest rates unchanged for the second successive time this fiscal. For further reading, visit “The Hindu”.
Word List:
- Unwavering (adjective) – steady, fixed, resolute, unfaltering, steadfast, firm.
- Inflation (noun) – increase of price level of goods & services and vice versa decrease of currency value.
- Fiscal (adjective) – a financial year; of or relating to the public revenues; of or relating money or financial matters.
- Set to – ready to / likely to (Courtesy: BBC Learning English).
- Have one’s work cut out (idiom) – to have a difficult work/task to complete.
- Unequivocally (adverb) – unambiguously, without any doubt, clearly, explicitly, specifically.
- Laid down (Past tense of lay down) (phrasal verb) – formulate, stipulate; prescribe; pronounce, announce.
- Remit (noun) – area of responsibility, area of activity, task, scope.
- Bound (noun) – limits, limitations, confines.
- Outlook (noun) – prospects, expectations, expectancy, hopes.
- Posit (verb) – postulate, put forward, propound, submit, propose.
- Green shoots (noun) – good signs of economic recovery during an economic downturn.
- Accommodative (adjective) – accommodating, Cooperative, Helpful.
- Elbow room (noun) – room to manoeuvre, breathing space.
- Warrant (verb) – justify, validate, authorize, permit.
- Rationale (noun) – reason(s), thinking, (logical) basis; principle, theory; motivation, explanation.
- Proffer (verb) – offer, tender, present, give.
- Sitting pat (or) Standing pat (phrase) – sticking to a decision/opinion without any change in their stand.
- Ride on (phrasal verb) – depend on.
- Sowing (noun) – the act of scattering seeds in or on the earth so that they may grow as plants; the process of planting seeds.
- Salutary (adjective) – beneficial, good, advantageous, profitable, practical.
- Stay the course (idiom) – accomplish a difficult work completely.
- Liquidity (noun) – it means the amount of cash and cash equivalents and getting them quickly whenever needed.
- Guide path (noun) – a serious of actions performed steadily to achieve a result.
- Flag (verb) – mark out, indicate, identify, point out; draw attention to.
- In all likelihood (phrase) – very probably.
Note:
- Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/ .
- Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press.
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