MPC's should raise rates by 25 bps next week: Economists tell RBI

In 1943, Hermann Hesse, then a future Nobel laureate, published a novel titled Magister Ludi (Latin for “Master of the Game”). The “Glass Bead Game”, another title for the book, remains undefined. It takes place in the future, in a place dedicated to the life of the mind. Those playing the game, whose rules are elusive, have to spend years studying unconnected subjects like music, cultural history, and mathematics, and find connections that help them play better. It’s all a bit esoteric, like monetary policy — which is the point of bringing this up just now.

Consider that independent commentators expected,