RBI monetary policy trapped in ‘chalk and cheese’ problem: SBI report

The recent RBI monetary policy minutes, monetary policy press statement and RBI Governor Sanjay Malhotra’s statement for August, and even earlier months, reveal the conundrum of “chalk and cheese” in monetary policy, an SBI Research report said on Monday. There were clear yet divergent signals from these three statements despite originating from the same institution/source, said Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India. “This is precisely the communication puzzle emerging...