Economist

Richard Iley

Macroeconomics

<p>The <a href="https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=40823" target="_blank">recently released minutes </a>from the Reserve Bank of India's (RBI) June 6-7th Monetary Policy Committee (MPC) meeting will further spice up the already fiery debate over Indian monetary policy.  </p><p>At this meeting, the MPC held the repo rate at 6.25% for the fourth consecutive time despite a plunge in CPI inflation in April and mounting public pressure from the government for a rate cut. The decision was not unanimous with one MPC member, Dr. Ravindra Dholkia, dissenting. The 5-1 split vote was…</p>

The recently released minutes from the Reserve Bank of India's (RBI) June 6-7th Monetary Policy Committee (MPC) meeting will further spice up the already fiery debate over Indian monetary policy.  At this meeting, the MPC held the repo rate at 6.25% for the fourth consecutive time despite a plunge in CPI inflation in April and mounting public pressure from the government for a rate cut. The decision was not unanimous with one MPC member, Dr. Ravindra Dholkia, dissenting. The 5-1 split vote was…

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