'Rate Cuts Are Off The Table’: RBI Guv Sanjay Malhotra Says Next Move Could Be Hike Or Pause As Inflation Risks Rise
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday ruled out interest-rate cuts in the near term, saying the central bank's next move could be another increase or a pause depending on inflation and economic conditions. His comments came after the Monetary Policy Committee (MPC) increased the repo rate by 25 basis points to 5.50% from 5.25% and shifted its stance from neutral to…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
