Shashanka Bhide, an external member of the monetary policy panel, has said that India’s central bank should not rush to ease rates until it’s sure of a stable, low-inflation regime. While recent inflation has slowed, Bhide maintained that it is important for the Reserve Bank of India to achieve its inflation target of 4% sustainably. He suggested that the bank must avoid frequent changes in direction as that would disrupt the objectives of both growth and inflation.
