Monetary policy panel expresses concern at growth, minutes of meeting out

Most of the six-member agreed on the need to lower interest rates the minutes showed

RBI expressed concerns over a slowing economy, according to minutes of its latest monetary policy meeting released on Thursday, even as a few said they feared a bounce-back in inflation.

Most of the six-member Monetary Policy Committee (MPC) agreed on the need to lower interest rates and boost growth as inflation stayed muted, the minutes showed.