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Monday, December 01, 2025 | 11:22 AM ISTहिंदी में पढें
What works in central banking? Striking a balance between talk and action
The latest monetary policy has also gone for a 50-basis-point rate cut, double the anticipated reduction
 "RBI, Reserve Bank of India")
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As the dust is settling down on the June monetary policy, there is intense debate among economists and central bank watchers on the no-frills, no-nonsense, bold policy based on available data.
This piece has been updated to correct an error in the previous version
Almost a decade ago, in September 2015, the Reserve Bank of India (RBI) had cut the policy repo rate by 50 basis points (bps) – twice the extent that was widely anticipated. The rate cut, the biggest in at least three years, brought down the repo rate to 6.75 per cent, the lowest in four and a half years. One basis point is a hundredth of a percentage point.
Almost a decade ago, in September 2015, the Reserve Bank of India (RBI) had cut the policy repo rate by 50 basis points (bps) – twice the extent that was widely anticipated. The rate cut, the biggest in at least three years, brought down the repo rate to 6.75 per cent, the lowest in four and a half years. One basis point is a hundredth of a percentage point.
At the post-monetary policy interaction with the media, when someone asked the then RBI governor, Raghuram Rajan,
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