Rajan hopes new MPC will make next RBI policy statement
Reserve Bank of India keeps rates on hold in Rajan’s last decision before stepping down
The Reserve Bank of India kept interest rates on hold today (August 9), in what might be its final policy announcement without a monetary policy committee (MPC).
It was certainly the last announcement under the governorship of Raghuram Rajan, who steps down next month after three years in the role. A successor is yet to be appointed.
Rajan told members of the press he hoped the next monetary policy statement, due on October 4, would be delivered by the MPC, as opposed to the governor.
The Indian
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