“Credit demand has not been high even after rate cuts,” Economist on RBI leaving rates unchanged

RBI Governor Shaktikanta Das said that the central bank’s monetary policy guidance remains accommodative at least during the current financial year and into the next financial year.

Speaking to The Federal about the RBI’s decision of leaving the policy rates unchanged, Dr. Rajeswari Sengupta, Economist at the Indira Gandhi Institute of Development Research, says the RBI has taken a good decision. She says that the previous rate cuts have not lifted credit growth and adds that transmission of rate cuts do not appear to be very efficient. Listen to the podcast to know more.

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