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RBI Governor says outlook hazy, need clarity before taking any policy action
['George Mathew', 'George Mathew Is An Associate Editor With The Indian Express', 'Based In Mumbai. A Veteran Of Financial Journalism With Nearly Three Decades Of Experience', 'He Is One Of The Country S Most Authoritative Voices On Banking', 'Regulation', 'The Corporate Sector. Expertise', 'Focus Areas Mathew S Reporting Covers The Nerve Center Of India S Economy. His Specialized Beats Include', 'The Reserve Bank Of India', 'Rbi', "He Has Tracked The Central Bank'S Policy Evolution Through The Tenures Of Multiple Governors"]
The Indian Express
RBI Governor Sanjay Malhotra on Wednesday said the bank is in no hurry to alter its policy course as it weighs a more challenging growth-inflation mix.
(File)Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday signalled that the central bank is in no hurry to alter its policy course as it weighs a more challenging growth-inflation mix.
“The outlook, however, is hazy because of the uncertainties regarding the south-west monsoon, El Niño, geopolitics and global trade policy.
There is a need for greater clarity to emerge, especially regarding inflation, its path and composition before taking any policy action,” he said while unveiling the monetary policy.
The RBI’s policy panel on Wednesday kept the policy repo rate unchanged at 5.25%.