Coronavirus in India: Two MPC members share mantra to contain economic fallout
These two external members in the committee, also professors of economics, have given their views on the monetary policy direction and also the steps and the adequacy of the fiscal policy measures
- Apr 13, 2020,
- Updated Apr 13, 2020 7:53 PM IST
Two out of the six-member monetary policy committee (MPC) -- Chetan Ghate and Pami Dua -- voted for a lower 50 basis points reduction in the repo rate against 75 basis points decided by the committee. The Reserve Bank of India announced an out of turn repo rate cut of 75 basis points to 4.4 per cent, a week ahead of the scheduled MPC early this month. These two external members in the committee, also professors of economics, have given their views on the monetary policy direction and also the steps and the adequacy of the fiscal policy measures.
Two out of the six-member monetary policy committee (MPC) -- Chetan Ghate and Pami Dua -- voted for a lower 50 basis points reduction in the repo rate against 75 basis points decided by the committee. The Reserve Bank of India announced an out of turn repo rate cut of 75 basis points to 4.4 per cent, a week ahead of the scheduled MPC early this month. These two external members in the committee, also professors of economics, have given their views on the monetary policy direction and also the steps and the adequacy of the fiscal policy measures.