LIVE: RBI Governor Shaktikanta Das On Economic Outlook & MPC Interest Rate Decision

#reservebankofindia #shaktikantadas #rbigovernor #reporate
RBI Governor Shaktikanta Das discussed the economic outlook and the Monetary Policy Committee's (MPC) decision to keep the key interest rate unchanged at 6.5%, as anticipated. This decision follows a three-day MPC meeting, the first since the appointment of three new external members by the government. Das emphasized the importance of evaluating the current macroeconomic conditions and future outlook, with five out of six committee members supporting the decision to maintain the rate. He also noted early signs of a slowdown in the Indian economy, although the policy stance has been revised to "neutral," signaling potential rate cuts in the future to stimulate growth. This cautious approach reflects India's successful response to the economic challenges posed by the COVID-19 pandemic, allowing flexibility in managing growth risks while ensuring inflation remains in check.
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