RBI Governor: Rate-Setting Panel To Continue With 'Neutral' Monetary Policy Stance
The Reserve Bank of India (RBI) has decided to continue with a neutral stance on Friday, citing excessive volatility in global financial markets, uncertainty about global trade policies, and adverse weather events as posing risks to the growth and inflation outlook. "MPC felt that excessive volatility in global financial markets and continued uncertainty about global trade policies coupled with adverse weather events pose risks to the growth and inflation outlook," said RBI Governor Sanjay Malhotra. "This calls for the MPC to remain watchful accordingly and decided to continue with a neutral stance."
