Economics

Lone Dissenter on India Rate Panel Says RBI Credibility at Risk

The Reserve Bank of India headquarters in Mumbai, India. — The Reserve Bank of India headquarters in Mumbai, India.
Photographer: Dhiraj Singh/Bloomberg

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By Ruchi Bhatia and Anup Roy

March 2, 2022 at 10:00 PM UTC

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The lone dissenter among India’s monetary policy setters sees the central bank’s inflation-targeting credibility at risk by keeping policy loose for too long and focusing on the impacts of the pandemic.