Opinion | Transmission by banks key for RBI rate cuts to matter3 min read 02 Apr 2019, 03:34 AM IST
An inefficient transmission mechanism limits the scope of spurring credit growth
Minutes from the February’s rate review validate market expectations. The Reserve Bank of India’s monetary policy committee is on course to cut rates for a second consecutive time this week, retaining the distinction of being the first regional central bank this year to return to an easing cycle.
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