...........In its 9th Financial Stability Report, the central bank said with the eventual removal of policy accommodation in the AEs, better global policy coordination could reduce unexpected spillovers and improve trust which may be essential for future coordination. RBI Governor Raghuram Rajan had underscored the importance global monetary policy coordination twice in the last two months — at the Brookings Institution in April and at a conference organised by the Bank of Japan (BoJ) in May...................
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