Page 22 - Mpc

Very few answers

The MPC minutes need to be more detailed to be useful

Sajjid Z Chinoy: Don't miss the forest for the trees

The last two years have witnessed a dramatic, durable disinflation and a remarkable transformation of the monetary policy regime

MPC doesn't really curb RBI decision on rates

While the govt did not commit to a timeframe, it was widely expected that Urjit Patel 1st monetary policy will be lead by the 6-member MPC

Govt notifies Monetary Policy Committee

The MPC has been tasked with deciding benchmark interest rates, something which the RBI governor used to decide till now

Govt appoints 3 academics to monetary policy panel

Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years

Meet the members of the new interest rate-setting committee

Each will have one vote and Patel will hold an additional tie-breaker, guided by a newly established inflation target

Vigilance nod awaited for new monetary policy panel members

Also, a no-objection from the tax department may be essential

Government may nominate 3 MPC members this month

The next bi-monthly RBI policy, scheduled on October 4, will be decided by the Monetary Policy Committee