Debate over ‘growth sacrifice’ intensifies, MPC minutes show
External member Goyal cautions MPC against repeating the mistake of 2015, when policymakers avoided cutting interest rates on fears that crude prices could rise again and thus hurt growth; joins Varma in voting for a 25 bps rate reduction
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External member Goyal cautions MPC against repeating the mistake of 2015, when policymakers avoided cutting interest rates on fears that crude prices could rise again and thus hurt growth; joins Varma in voting for a 25 bps rate reduction
