The RBI's recent decision to maintain the key interest rate at 6.50% while adopting a "neutral" policy stance marks a significant shift in its approach to balancing inflation control with economic growth. This move, following 10 consecutive meetings of holding rates, suggests that rate cuts may be on the horizon.
The implications of this decision for India's economic trajectory are considerable. While it is widely acknowledged that inflation has cooled in recent months, retail inflation has dipped below the central bank's 4% target, underlying risks remain.
This story is from the November 01 - 30, 2024 edition of BUSINESS ECONOMICS.
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This story is from the November 01 - 30, 2024 edition of BUSINESS ECONOMICS.
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