07 Feb RBI reduces interest rate, but it’s a cautious cut
Synopsis
That the monetary stance is kept at `neutral’ and that MPC would assess the situation at ‘each’ meet before taking action shows this is no beginning of an easing cycle as markets knew.
The Reserve Bank of India’s Monetary Policy Committee may have voted unanimously to reduce policy interest rate for the first time in nearly five years, but it’s rather half-hearted. Governor Sanjay Malhotra packed enough doubt into the decision and switched convincingly to the global financial markets development, and trade wars determining the future course instead of just Indian inflation determining the MPC’s decisions. That the MPC voted to
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