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Technical Advisory Committee News

25 Aug 2015

Majority wanted rate cut, but Rajan vetoed in August review

The RBI held consultation with external Members of the TAC between July 22-28 in the run up to the Third Bi-monthly Monetary Policy Review, 2015-16 on August 4, 2015.

Technical Advisory Committee

29 Apr 2015

RBI's external committee split on April rate action

The technical advisory committee of the Reserve Bank of India (RBI) was split on whether the central bank should have cut interest rates at its April 7 policy review, with three members recommending no action, according to minutes released on Wednesday.

22 Oct 2014

Raghuram Rajan chose status quo against TAC's call for rate cut

Reserve Bank Governor Raghuram Rajan turned down the advise of majority of external members of the monetary policy advisory committee to cut interest rate and decided to maintain the status quo in September 30 policy.

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