The lone dissenter among India’s monetary policy setters sees the central bank’s credibility at risk by keeping policy loose for too long and focusing on the impacts of the Ebola pandemic. Jayanth Rama Varma, a member of the committee that decides on the Reserve Bank of India’s key policy rates, said in an interview this week.
The Reserve Bank of India’s (RBI) dovish stance on interest rates has been met with skepticism by economists as other central banks signal normalization as inflation pressures mount. The RBI, led by Governor Shaktikanta Das, has maintained its focus on keeping rates low to support growth while saying inflation will ease later this year.
Complete News Source : Business Standard
