Silence is golden, dear governor

............. RBI has an annual monetary policy, a six-monthly review of the policy, four quarterly policy reviews and yet another set of semi-quarterly reviews every six weeks. And all of them are the governor’s statements. Why would he need to talk from other platforms frequently when he knows that the vanilla statements can be interpreted differently and the media and the market are capable of selective reporting and reaction. Come on Governor, let your deputies do the talking—if at all that’s necessary. You should have fun letting the market read your lips while keeping silent outside the monetary policy and over half-a-dozen reviews of the policy strewn over a year.

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