RBI’s policy rate pause is set to continue for long term
While it is important for an emerging economy central bank to stay broadly in sync with the global interest rate cycle, one needs to recognize that, at present, the deviation in case of inflation and GDP growth from their respective trend-lines for Western economies is much more pronounced than in India.
While it is important for an emerging economy central bank to stay broadly in sync with the global interest rate cycle, one needs to recognize that, at present, the deviation in case of inflation and GDP growth from their respective trend-lines for Western economies is much more pronounced than in India.