The RBI's Dissenting Note on Fiscal Consolidation

There's a quite a bit of mystery regarding what exactly they meant by withdrawal of accommodation. Accommodative face names usually we do that when the economy is in the downturn or when we are in crisis, like pentamic or geopolitical risk. The monetary policy stance remains accommodative with low interest rates but now with mounting global inflation, we can't do that accommodative monetary policy stance anymore. But neutral stance means we are ready to give equal importance to growth and inflation.