India trumps Turkey in efforts to control inflation

New Delhi

THE Federal Reserve's halt to bond buying is testing central bankers' efforts to control inflation halfway round the world.

Two of the world's biggest emerging markets epitomise the struggle to weather spillovers from the United States. With a determined focus on price stability, Reserve Bank of India (RBI) governor Raghuram Rajan is having more success than Turkish counterpart Erdem Basci, whose room for manoeuvre is hamstrung by a government demanding low borrowing costs.