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RBI Guv hints at more rate cuts in coming months
Millennium Post Kolkata
|Kolkata 10April2025
'MPC is considering only two options - status quo or a rate cut,' the Reserve Bank Guv Sanjay Malhotra said
MUMBAI: After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accommodative' from 'neutral', which may further lower EMIs for consumers.
The bi-monthly monetary policy is scheduled to be announced on June 6. Unveiling the April monetary policy after meeting of the Monetary Policy Committee (MPC), Governor Malhotra said that in the context of the RBI, the stance of monetary policy signals the intended direction of policy rates going forward.
"Accordingly, with respect to the policy rate, which is the mandate of the MPC, today's change in stance from 'neutral' to 'accommodative' means that going forward, absent any shocks, the MPC is considering only two options - status quo or a rate cut," he said.
Diese Geschichte stammt aus der Kolkata 10April2025-Ausgabe von Millennium Post Kolkata.
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