Bank of England has some lessons for Reserve Bank of India on how to revive growth
RBI’s five rate cuts last year failed to spur credit demand
Governor Shaktikanta Das told reporters earlier this month that the central bank has more tools than the regular repurchase rate at its disposal
First it was the Federal Reserve. Then the European Central Bank. Now, India’s monetary authority may look to the Bank of England for ideas to revive growth, economists say.