 "Reserve bank of India")
The six monetary policy committee (MPC) members agreed unanimously to a large cut to shield the economy from the pandemic and arrest a slowdown in demand. After OPEC+ in a record oil deal agreed to slash global output by 9.7 million bpd, Goldman Sachs said that oil prices would continue to fall in the coming weeks. Here is a snapshot of events which made it to the headlines today:
1. MPC members scrambled to protect demand, financial stability amid Covid-19
The MPC members suggested that the flow of finance should continue, and efforts should be made to preserve financial stability.
