Economics
India’s Central Bank to Resume Rate Meeting With New Panel
- Central bank panel to announce rate decision on Oct. 9
- New MPC members have expressed support for stimulus in past
Outside the Reserve Bank of India (RBI) building in Mumbai, India.
Photographer: Kanishka Sonthali/BloombergThis article is for subscribers only.
The Reserve Bank of India will hold its delayed policy meeting this week after the government belatedly appointed new members to the interest rate-setting committee.
The Monetary Policy Committee will meet Oct. 7-9, the RBI said in a statement Tuesday, more than a week later than originally planned. The RBI’s statement came after the Finance Ministry’s announcement on Monday of three new external members to the committee to replace those whose terms expired in August.