The Monetary Policy Committee of the Reserve Bank India (RBI) in its first meeting of the new fiscal year surprised financial markets by unanimously deciding to leave the policy repo rate unchanged at 6.50 per cent. Is this a wise decision? Tamal Bandyopadhyay thinks here the RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes, but the top edit argues here that core inflation has been unyielding so the wisdom of a pause at this stage in “the war against inflation” is an open question.
In other views:
Ajai Shukla thinks