On real rate debate, the gloves are off in the near-expiry MPC

Dinesh Unnikrishnan • August 27, 2024 / 07:48 IST

As both Varma and Goyal argued, holding interest rates too high for too long can hurt economic growth. But Das and Patra warn that lowering the guard on inflation too early too can be a mistake.

The MPC minutes of the August 6-8 meeting showed opposing arguments among members on real rates

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