Count-counterpoint: MPC's external members must have the courage to dissent, disagreement drives course correction
· economictimes.indiatimes.com
The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns with the need to support economic growth. External factors are largely blamed for India's current economic challenges. The RBI's actions and communication are crucial for market stability. Greater dissent among committee members could lead to better policy decisions.
Today, even as you read this, RBI 's Monetary Policy Committee (MPC) is sitting down for another 3-day meeting to decide how best to square the circle. In plain...