4 min read.Updated: 13 Oct 2021, 06:08 AM ISTVivek Kaul
We’ve reached a point where the risks of monetary expansion outweigh the benefits of cheap credit
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In a meeting last week, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to continue with its accommodative monetary policy stance “as long as necessary". Defending the decision, RBI Governor Shaktikanta Das quoted Mahatma Gandhi and said “to lose patience is to lose the battle". Hence, the easy money policy unleashed by RBI to drive down interest rates will continue.
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