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India Central Bank Uses Rare, 18th-Century Word to Describe Forecasts

Shaktikanta Dasnomy growing at the slowest pace since 2014.

Shaktikanta Dasnomy growing at the slowest pace since 2014.

Photographer: Dhiraj Singh/Bloomberg
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As India’s economic climate becomes more complicated, so have the messages from monetary policy makers.

Central bank watchers were left scrambling this week for their dictionaries and Google searches to decipher parts of a speech by Governor Shaktikanta Das and minutes of the recent monetary policy committee meeting.