The RBI MPC’s unanimous decision to cut interest rates is finally an acknowledgement that slowing growth is a bigger problem than inflation. Between the Budget’s income tax measures and this, both fiscal and monetary policies are aligned to spur growth. Banks should quickly pass on the rate cut to borrowers.
India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.
Sustaining this needs support from wonderful readers like you.
Whether you live in India or overseas, you can take a paid subscription by clicking here.
No easy choices for the RBI. There is inherent tension between cutting rates to support growth and protecting the Rupee, which has fallen from 84 to 87 in just three months. Plus President Trump’s approach to tariffs will stoke inflation.
No easy choices for the RBI. There is inherent tension between cutting rates to support growth and protecting the Rupee, which has fallen from 84 to 87 in just three months. Plus President Trump’s approach to tariffs will stoke inflation.
No easy choices for the RBI. There is inherent tension between cutting rates to support growth and protecting the Rupee, which has fallen from 84 to 87 in just three months. Plus President Trump’s approach to tariffs will stoke inflation.
disconnection from everyday life cannot be reflected better than this