The minutes of the Reserve Bank’s October policy meeting suggest greater divergence of opinion within the MPC, with two members calling for more definitive steps towards policy normalisation. But most members – including Governor Shaktikanta Das – are more concerned about downside risks to the economic recovery. That supports our view that policy will remain loose for several more months yet.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.