The Monetary Policy Committee (MPC) can’t complain. To that extent, monetary policy can afford to take a chance. Reinforce the shift in the growth-inflation dynamics seen in the April monetary policy announcement. Monetary policy is best left to technocrats.At the same time, fiscal and monetary policy cannot function at cross-purposes with each other. Monetary policy independence is all very well.

Source: Economic Times June 02, 2019 17:15 UTC