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MPC: Rethinking the need for policy stance

Updated : August 06, 2019 10:05 AM IST

During the course of this evolution and more importantly, the post-global financial crisis (GFC), “forward guidance” has become a central piece of central banks armour.
A unique feature of our MPC construct is that while the committee takes rate actions, the management of liquidity conditions is left to the discretion of the RBI staff.
MPC: Rethinking the need for policy stance
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