Limits to accommodation: on RBI’s monetary policy

News 12.10.2021

The RBI’s latest monetary policy statement and accompanying actions reflect the dilemma confronting monetary authorities. While the RBI’s Monetary Policy Committee voted unanimously to keep benchmark interest rates unchanged as part of its efforts to support growth as the economy recovers, one of the six members on the MPC demurred yet again and voted against continuing with an accommodative stance for ‘as long as necessary’. (Read More)

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