Why the minutes of RBI's rate-setting committee meeting hint at a course correction
FROM THE WIRE · LIVEMINT.COM
The stark change in the stance of members from the prior policy meeting in August suggests that the inflationary impact of the foreign currency non-resident (bank) deposits was underestimated. Such missteps can prove costly.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe Indian central bank minutes signal a possible shift in monetary policy stance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Members' stance changed sharply from the August policy meeting.
- 02It suggests the inflationary impact of non-resident foreign currency bank deposits was underestimated.
- 03Such missteps can prove costly.