While this step immediately clarified the current stance of monetary policy, the Committee’s views about prospective developments, especially its own “bias” or “tilt” concerning likely future policy actions, continued to be published only with a delay, as a part of the minutes after the next meeting.
How much of our language is tinged with meaning that is liable to misinterpretation? How forgiving should we be of a bad choice of words when the intent is clearly different? Let me give you two examples. Gandhiji used to say “An eye for an eye will only make the whole world go blind”.