RBI’s repo rate hike: Inflation must be tackled in a global context weighing against macro stability
“It is clear that inflation and its outlook are not benign as they were last year,” said Governor Sanjay Malhotra. “In this milieu, recalibrating the policy rate is imperative.” The central bank’s stance, thus, was shifted to ‘calibrated tightening’ from ‘neutral’ (by a 4: 2 panel vote).
