Monetary policy status quo: the decision taken by RBI’s rate-setting panel is inexplicable
‘Non-event’, is how a more outspoken observer of the Reserve Bank of India (RBI) described the 62nd meet of its Monetary Policy Committee (MPC), in the run-up to the just-concluded meet. Others, more diplomatic, or, perhaps, wary of displeasing the central bank, chose their words more carefully. But the broad consensus was that the MPC would stand pat; on rates for sure and, in all probability, on stance (neutral) as well.
