MPC minutes: Premature rollback of RBI policies could derail nascent growth, says Shaktikanta Das

MPC minutes: Premature rollback of RBI policies could derail nascent growth, says Shaktikanta Das
As per the minutes, the Governor also said that the RBI will continue to respond to global spillovers to secure domestic stability with its liquidity management operations
File photo of RBI governor Shaktikanta Das. Reuters
Mumbai: RBI Governor Shaktikanta Das voted for status quo at the last bi-monthly monetary policy review arguing that premature rollback of policies undertaken to mitigate the impact of the pandemic would be detrimental to nascent growth and recovery, minutes of the meeting showed on Friday.
All members of the Monetary Policy Committee (MPC) — Shashanka Bhide, Ashima Goyal, Jayanth R Varma, Mridul K Saggar, Michael Debabrata Patra and Shaktikanta Das — had voted for maintaining status quo in the policy review announced on 4 December.

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