RBI monetary policy: October or December - when is the ripe time?

The reason why the RBI till the August policy had its feet on the brakes is its assessment of inflation risks

The advanced economy (AE) world has now moved into an easing momentum. The latest to join the bandwagon is the US Federal Reserve with a 50 basis point (bps) cut. Fed’s Jerome Powell, while not decisively ruling out another 50-bp cut at the November meeting, has, to an extent, downplayed the possibility of the same. At the time of writing, the CME Group’s Fed watch tool now considers a 66 per cent chance of a 25-bp cut. But as recent evidence will have it, one cannot be sure, and another dose of lower-than-expected labour market reading could again swing it.