RBI monetary policy: Central bank's decision to cut rate by 35 bps a bold step; move will accelerate slowing economy: Experts
The RBI maintained its “accommodative” stance but said further rate reductions would depend on the level of inflation.
With a 35 bps rate cut bonanza, Reserve Bank of India gifts Centre what it has been asking for; what now?
By gifting an unconventional 35 bps rate cut, the MPC has delivered what the government wanted
RBI Monetary Policy August 2019: Governor Shaktikanta Das says will ensure there is sufficient liquidity available for economy
RBI Monetary Policy August 2019; LIVE updates: There is no cartelisation by banks in holding onto higher lending rates, says Shaktikanta Das
With elections round the corner, the government is trying to push growth and spur demand by way of selective stimulus. But these are wrong signals<br /><br />
The move comes at a time when persistently high inflation coupled with shrinking employment opportunities in a slowing economy have crimped consumer demand.<br /><br />