Dissent even in the newly constituted MPC
- Posted on October 9, 2024
- By Business News Today
- 3 Views
Dissent even in the newly constituted MPC
Newly appointed external members of the monetary policy committee showed dissent in their first vote on policy rates. Nagesh Kumar voted for a cut, while other members voted for a status quo. Internal members unanimously voted to keep the policy rate unchanged at 6.5 percent. The committee also unanimously voted to change their stance from withdrawal of accommodation to neutral.