The last stand of the central banker9 min read 02 Oct 2019, 12:54 PM IST
After the messy, unconventional monetary policy post 2008, the central banker has finally run out of ammunition
The side effects and after-effects of unconventional monetary policy post 2008 have been several, and they vastly overshadow the feeble economic recovery
On Friday, 4 October, the Reserve Bank of India (RBI) will release its fourth monetary policy statement for the fiscal 2019-20. There is an expectation that the RBI will match the buzz created by the Government of India with its steep cut in the tax rate for corporate income. A case could be made for restraint by the RBI or for matching aggression with a cut in the interest rate.