/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Long the lone dissenting voice in the committee, he warns against the repeated use of the bogey of inflation.
Jayanth R. Varma, one of the three external members of the Reserve Bank of India’s Monetary Policy Committee (MPC), has told Mint in an interview that the rate-setting panel’s “words must match its actions”.
“I believe that words must match actions, and if the MPC has no real intention to raise repo rates—as evidenced by the lack of such an action for over a year now—it is not appropriate to keep repeating a stance that suggests further rate hikes.”
“...a real policy rate of 1.0-1.5% is sufficient to glide inflation to the target. The current real rate, which is around …
