RBI and IMF clash over pace of tightening

Reserve Bank of India in Mumbai
Photo: RBI

The International Monetary Fund (IMF) is urging the Reserve Bank of India (RBI) to "continue raising policy rates in the coming months", despite governor Raghuram Rajan advocating a patient approach.

An IMF staff report released today praised the central bank's progress towards an inflation-targeting regime, but called for a tighter monetary policy stance in the immediate future.

"The ingrained nature of inflation and inflation expectations mean that reducing inflation – even over a protracted

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.