It also indicated that the transitory effects of demonetisation have ‘lingered on in price formations’ and warned that ‘premature action at this stage risks disruptive policy reversals later and the loss of credibility.’ Importantly, the MPC prognosis of economic activity also reflected its concern about a deeper than initially anticipated loss of momentum.
Lack of timely and comprehensive  9  The impact on spot prices of investment in commodities is more direct in the case of commodity index funds that are physically backed by the underlying commodities. These investment products are, however, limited to commodities that can be stored (metals, for example).