RBI's monetary policy review: Central bank's stance signals positive change

On the whole it does appear that a rate hike is definitely not on the cards at present and that it will not, unless something goes very awry

The Reserve bank of India's (RBI's) monetary policy committee (MPC), in its first bi-monthly monetary policy review of 2018-19 on Thursday, decided to maintain the status quo on key policy rate. Madan sabnavis explains what the central bank's policy stance means.

As was expected the Reserve Bank of India (RBI) on Thursday kept policy rates unchanged. But what was to be watched was the outlook and a neutral stance is assuring for the corporates as it could mean a change in course provided conditions work out very positively. This is contrary to the slightly hawkish stance expected on account