The classic trilemma of central banking has morphed into a quadrilemma for India.
With more objectives than instruments, how can RBI navigate this ‘quadrilemma’?
JPMorgan's Sajjid Chinoy writes in #BQOpinion.
bit.ly/35q3iGg
The RBI is facing a 'quadrilemma' as it balances multiple objectives ranging from growth and inflation to capital flows and the currency.
One part of this is the 'problem of plenty', writes @jpmorgan's Sajjid Chinoy in #BQOpinion.
Read: bit.ly/3mavsuB
@jpmorgan A flood of capital flows leads RBI to the question – should it absorb dollars and add liquidity?
That's in keeping with its growth objective but runs counter to inflation concerns, writes @jpmorgan's Sajjid Chinoy.
#BQOpinion
bit.ly/3hkPWxj
@jpmorgan As the RBI tries to manage a 'quadrilemma' of challenges, preventing a sharp and sustained appreciation of the trade-weighted exchange rate is important, writes @jpmorgan's Sajjid Chinoy in #BQOpinion.
bit.ly/2ZxokyP
@jpmorgan India is faced with an unprecedented hit to growth, inflation much above target, an unrelenting flood of capital inflows, and a trade-weighted exchange rate that still appears expensive, writes @jpmorgan's Sajjid Chinoy.
Read his #BQOpinion column: bit.ly/3mavsuB
@jpmorgan Navigating a trilemma of policies will be more art than science, and relative priorities may have to change in real-time, writes @jpmorgan's Sajjid Chinoy. #BQOpinion
Read here: bit.ly/3mavsuB
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