Slack in economy, not the right time to change policy course: RBI Governor

Shaktikanta Das tells TV channel that capacity utilisation is nowhere near pre-pandemic levels

The Reserve Bank of India (RBI) may consider changing its policy course after economic activity shows signs of “durability and sustainability”, but it would be done in manner so as not to surprise the markets, Governor Shaktikanta Das has said in an interview with a television channel.

Capacity utilisation is “nowhere near pre-pandemic levels”, and there is a “slack in the economy”, the RBI governor told CNBC Asia.

“We are constantly monitoring the situation, and we will act at the appropriate time. At the current juncture, we feel that the appropriate time has not come,” Das said, clarifying that the monetary policy