MPC to revise stance only after it sees a durable recovery

Members unanimously voted for a status quo in rates. But the only dissenting voice was by Prof Jayanth Varma of IIM, Ahmedabad who voted against the accommodative stance as risks to growth and inflation are well beyond the control of the MPC, but they warrant a heightened degree of flexibility and agility.

from Economy-News-Economic Times https://ift.tt/3GaSLi0