Policy to remain accommodative despite inflationary pressure: MPC minutes

Topics MPC minutes | RBI

By Swati Bhat MUMBAI (Reuters) - A second wave of COVID-19 remains a threat to the Indian economy and the central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the monetary policy committee's latest meeting, released on Friday.

The Reserve Bank of India left interest rates unchanged at that meeting two weeks ago, as expected. Almost all members of the MPC said they see room for further easing, but a recent rise in price pressures would need to abate.....

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