Central Banks
India Names New External Members in RBI’s Rate-Setting Panel
- Three new external members join monetary policy committee
- RBI faces calls to cut interest rates as global easing begins
The appointment of three new members to India’s central bank monetary policy committee is unlikely to prompt an interest rate cut at next week’s crucial policy meeting, economists said.
India’s government appointed three new external members to the MPC on Tuesday, well-known economists from the academic and finance world who will join three Reserve Bank of India officials on the committee led by Governor Shaktikanta Das. The MPC is scheduled to announce its next rate decision on Oct. 9.