RBI minutes: dissenters eye ‘elevated and persistent’ core inflation


Two Reserve Bank of India officials who voted against a cut at the latest monetary policy meeting stressed their concerns over high levels of core inflation, minutes from the meeting show.

Viral Acharya and Chetan Ghate were the only two committee members to vote against the hike on February 7, with four voting in favour. However, the committee unanimously agreed to shift its stance from a bias towards tightening to “neutral”.

Both Acharya and Ghate highlighted the “elevated” levels of core

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: