Monetary Policy – From “Accommodative” to “Neutral” stance..

Belying the expectations of a rate cut, the monetary policy committee (MPC) has not only decided to keep the rates unchanged in its meeting today but more importantly, has shifted its stance from "accommodative" to "neutral'. The shift marks a significant reversal of policy as it had maintained "accommodative' stance all through the year. A look at the reason for the same..

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