RBI cuts main rate again as growth fears deepen
Central bank revises down growth and inflation forecasts as election nears
The Reserve Bank of India’s monetary policy committee made its second consecutive rate cut today (April 4), voting by four to two to cut rates.
The MPC’s announcement cited a worsening economic outlook as a key reason to cut the main rate 25 basis points to 6%. Policy-makers noted growth had disappointed, with high-frequency indicators pointing to a slowdown in manufacturing and “subdued” investment demand. Credit flows to small businesses were “muted”.
“Overall, the output gap remains
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com