Rajan hints at rate cut; inflation down quicker than expected
Indicating an imminent rate cut, RBI Governor Raghuram Rajan has said inflation has come down to the comfort zone quicker than expected and he is keeping a watch on data to see how much room is there for further easing of the monetary policy.
"We are on a phase of accommodation. We are still in that phase. We are looking at the data to see what more room we have," Rajan said.
Stating that RBI monetary policy has been accommodative, Rajan said he has cut interest rates thre .
http://bit.ly/1Kma5Bg
Indicating an imminent rate cut, RBI Governor Raghuram Rajan has said inflation has come down to the comfort zone quicker than expected and he is keeping a watch on data to see how much room is there for further easing of the monetary policy.
"We are on a phase of accommodation. We are still in that phase. We are looking at the data to see what more room we have," Rajan said.
Stating that RBI monetary policy has been accommodative, Rajan said he has cut interest rates thre .
http://bit.ly/1Kma5Bg
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