your opinion about RBI
Answers
RBI has acted swiftly to address slowing growth and offers a clear, consistent message
The RBI's rate cut in February was risky – few economists anticipated it – but appropriate
Explanation:
RBI has acted swiftly to address slowing growth and offers a clear, consistent message
The RBI's rate cut in February was risky – few economists anticipated it – but appropriate
India is becoming the gold standard for monetary policy in Asia, if not the world.
While global markets are giddy from hints that the Federal Reserve may cut interest rates, India’s central bank has been easing since February. Just as important, the Reserve Bank of India has been very consistent in its message: Borrowing costs need to come down to juice growth. Passive inflation and the central bank’s full tank of gas make the case to cut even stronger. After Thursday's trim, the benchmark rate is 5.75%.