Minutes of the April 25, 2013 Meeting of the Technical Advisory Committee on Monetary Policy https://www.taxtmi.com/news?id=11185 Views were divided on monetary policy: three external Members recommended reducing the policy repo rate (with some favouring CRR or SLR cuts and OMOs to improve liquidity and credit transmission) on grounds of weak aggregate demand and softer inflation expectations; four Members recommended keeping the policy rate unchanged, citing structural impediments to investment, fiscal fragility and high current account deficit risks which, together with inadequate transmission of past rate cuts, limit the potential effectiveness of further easing. en-us Thu, 23 May 2013 17:19:53 +0530 Thu, 23 May 2013 17:19:53 +0530 TaxTMI RSS Generator Minutes of the April 25, 2013 Meeting of the Technical Advisory Committee on Monetary Policy https://www.taxtmi.com/news?id=11185 Views were divided on monetary policy: three external Members recommended reducing the policy repo rate (with some favouring CRR or SLR cuts and OMOs to improve liquidity and credit transmission) on grounds of weak aggregate demand and softer inflation expectations; four Members recommended keeping the policy rate unchanged, citing structural impediments to investment, fiscal fragility and high current account deficit risks which, together with inadequate transmission of past rate cuts, limit the potential effectiveness of further easing. News - Thu, 23 May 2013 17:19:53 +0530 https://www.taxtmi.com/news?id=11185