Bangalore, Nov 03: Hailing RBI's new credit policy, the Confederation Of Indian Industry today said it was a carefully drafted policy which focused on continuity and was designed to take into account the excellent performance of the economy. "The market is also encouraging. The credit policy is bullish on the growth forecast than we have ever seen by the RBI," CII National President Anand G Mahindra told reporters here. Terming the policy as one that emphasizes continuity, he said, "there are no negatives, some notable positives and a distinct bias in favor of facilitating higher economic growth". Asked whether the election year had made the government not to cut interest rates, Mahindra said interest rates should have been further reduced and hoped that the government looked at some ways that was politically palatable. He said neighbouring Pakistan had a progressive interest rate regime than that of India. Bureau Report