The MPC Sits Down This Morning With Three Numbers That Point in Three Directions. Reconciling Them Is the Whole of Wednesday’s Decision

Blitz India Business NEW DELHI: Rate meetings are usually reported as a single question with a yes-or-no answer. This one is better understood as an attempt to reconcile a set of readings that genuinely disagree with each other. The Monetary Policy Committee begins a three-day meeting today, with Governor Sanjay Malhotra announcing the decision on…