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

Shaktikanta Das
Premium

RBI Governor Shaktikanta Das | Illustration: Binay Sinha

Anup Roy Mumbai
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 27 2021 | 6:08 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com