RBI comfortable with current level of policy rates
Updated: Nov 06, 2015 02:37:39pm
New Delhi, Nov 6 (KNN) RBI Governor Raghuram Rajan has said that the central bank is comfortable with the current level of policy rates “until more rooms are build up”.
Rajan said, “What we said in our monetary policy statement is that we essentially looked at all the room we had and we have taken full advantage.”
Stating that RBI was data-dependent on its monetary policy, the Governor said, “Until more room builds up… we are comfortable with where we are.”
RBI in its September bi-monthly monetary policy review cut interest rate by 0.5 per cent, much higher than that popular expectation for a rate cut of 25 basis points. (KNN Bureau)
Rajan said, “What we said in our monetary policy statement is that we essentially looked at all the room we had and we have taken full advantage.”
Stating that RBI was data-dependent on its monetary policy, the Governor said, “Until more room builds up… we are comfortable with where we are.”
RBI in its September bi-monthly monetary policy review cut interest rate by 0.5 per cent, much higher than that popular expectation for a rate cut of 25 basis points. (KNN Bureau)
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