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RBI Needs To Raise Rates More Aggressively: JPMorgan’s Jahangir Aziz
Macroeconomic stability needs to govern what the RBI does, JPMorgan's Jahangir Aziz says, pitching for aggressive repo rate hikes.
21 Sep 2022, 08:53 AM IST
Macroeconomic stability needs to govern what the Reserve Bank of India needs to do. As such, the central bank needs to raise rates more aggressively, according to Jahangir Aziz.There’s a debate around monetary policy right now. Whether the RBI should hike by 35 basis points or 50 basis points or where the terminal rate is, said the head-EM economics research and commodities at JPMorgan.There’s the usual debate over the trade-off betw...
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