Delaying action does not protect growth: Montek Singh Ahluwalia on RBI rate hike

"We should not exaggerate the effect of a change in the repo rate on growth. The central bank affects the real economy not just through short-term interest rates but through a host of other instruments, including the quantity of money, the level of credit and liquidity and, more broadly, financial stability," said Montek Singh Ahluwalia.

Delaying action does not protect growth: Montek Singh Ahluwalia on RBI rate hike
"We should not exaggerate the effect of a change in the repo rate on growth. The central bank affects the real economy not just through short-term interest rates but through a host of other instruments, including the quantity of money, the level of credit and liquidity and, more broadly, financial stability," said Montek Singh Ahluwalia.