4 min read.Updated: 05 Aug 2021, 06:10 AM ISTSaugata Bhattacharya
Inflation is emerging as a concern and it will be tough for the MPC to ‘look through’
Communicating the policy stance and providing forward guidance will be the toughest tasks for the monetary policy committee (MPC) in this week’s policy review. We expect a unanimous decision on holding the policy repo rate, although the tone on continuing an accommodative stance “as long as necessary to revive and sustain growth on a durable basis… while ensuring that inflation remains within the target" will be moderated, and the parsing will be of interest.
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