 "RBI, reserve bank of India")
The government has started advocating another rate cut from the Reserve Bank of India’s six-member Monetary Policy Committee (MPC) — to spur lending and consumption, and revive the economy.
“There is scope for monetary easing because of inflation projections. Inflation last month picked up but our analysis has taken that into consideration… We had based it on a mid-term inflation of 4 per cent,” said a senior official on Saturday when asked what the Centre thought of another rate cut. The next meeting of the MPC is on October 3-4.
“There is scope for monetary easing because of inflation projections. Inflation last month picked up but our analysis has taken that into consideration… We had based it on a mid-term inflation of 4 per cent,” said a senior official on Saturday when asked what the Centre thought of another rate cut. The next meeting of the MPC is on October 3-4.
The MPC has cut rates only once this financial year
