CWhat is the RBI and MPC stance all about because to my mind it just defies all logic whatsoever?
If you look at the CFR Global Monetary Policy Tracker, which shows how global central banks are doing, they are all in monetary easing. In the US, where inflation is 7% and interest rate is zero percent, despite the president saying whatever he is saying, the Fed is still pumping money into the government’s monetisation. Their balance sheet is expanding week on week.
