RBI sets up for more rate cuts with lower inflation estimate1 min read 07 Feb 2019, 12:44 PM IST
In a shift in stance, inflation estimates for the first half of 2019-20 cut to 3.2%-3.4% from the earlier 3.8-4.2%
RBI also keeping an eye on GST collections, says Shaktikanta Das
New Delhi: The monetary policy committee of the Reserve Bank of India has set itself up for another rate cut by lowering its estimates for 2019-20 inflation target as well as those for 2018-19, ignoring by and large the inflationary impact of the budget. The committee unanimously voted to shift its stance to ‘neutral’ from ‘calibrated tightening’ “as long as the inflation outlook remains benign".
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