You can’t expect North American country to chop rates automatically each time: Das

You can’t expect North American country to chop rates automatically each time: Das

Leaving Mint Road observers stunned by holding the rates on Th, Governor Shaktikanta Das same tally cannot keep cutting policy rates “mechanically each time”, however hinted at resuming the easing cycle once budget and analysing impact of previous a hundred thirty five bits per second rate cuts on economy.

Significantly, when the MPC hit the pause button nem con, it massively slashed the expansion forecast by a full a hundred and ten bits per second to five per cent, and additionally warned of a steep spike in retail inflation to four.7-5.1 per cent within the half.

After cutting repo rate 5 consecutive times to the tune of a hundred thirty five bits per second to a nine-year low between Feb and October, financial Policy Committee left the policy rates unchanged at five.15 per cent.

Every analyst was expecting Das to travel for the sixth straight policy reduction by a minimum of twenty five bits per second and pause within the Feb review.
You can’t expect North American country to chop rates automatically each time: Das


Leaving Mint Road observers stunned by holding the rates on Th, Governor Shaktikanta Das same tally cannot keep cutting policy rates “mechanically each time”, however hinted at resuming the easing cycle once budget and analysing impact of previous a hundred thirty five bits per second rate cuts on economy.

Significantly, when the MPC hit the pause button nem con, it massively slashed the expansion forecast by a full a hundred and ten bits per second to five per cent, and additionally warned of a steep spike in retail inflation to four.7-5.1 per cent within the half.

After cutting repo rate 5 consecutive times to the tune of a hundred thirty five bits per second to a nine-year low between Feb and October, financial Policy Committee left the policy rates unchanged at five.15 per cent.

Every analyst was expecting Das to travel for the sixth straight policy reduction by a minimum of twenty five bits per second and pause within the Feb review.

The decision to hit the pause button was unanimous by the six-member rate-setting committee, Das told reporters at the customary post-policy presser.

The decision to hit the pause button was unanimous by the six-member rate-setting committee, Das told reporters at the customary post-policy presser.