‘Would have liked to see RBI-staff MPC members also dissent sometimes’ | Interviews

Ashima Goyal, external member, Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC), who voted for rate cut in both June and August review meetings, told Manojit Saha in an email interview that she does not see any broad-based rise in core inflation. The August meeting was the last one for external members who have fixed four-year tenure. Edited excerpts:

In the MPC minutes, you have said, citing the US Federal Reserve: “Since monetary policy acts with a lag, they can’t afford to wait until they reach their inflation target before cutting.” In the Indian context, do