RBI’s monetary policy committee deserves credit for reading the inflation tea leaves well. The February meeting of the monetary policy committee (MPC) was the first one since April 2017 when not a single member voted for an interest rate cut. The Union finance ministry has also toned down its view that Indian monetary policy is too tight. It came under immense fire when it changed its monetary policy outlook from accommodative to neutral a year ago, in February 2017. Will the monetary policy committee increase interest rates in the coming months?

Source: Mint February 26, 2018 18:45 UTC