RBI Governor Says Rate Hike Talk Is Premature as Bank Keeps Neutral Stance
Updated
Updated · Bloomberg · Jun 24
RBI Governor Says Rate Hike Talk Is Premature as Bank Keeps Neutral Stance
3 articles · Updated · Bloomberg · Jun 24
Summary
Sanjay Malhotra said it is still too early to discuss an RBI rate hike, signaling no immediate move toward tighter policy.
Neutral policy stance was left unchanged because geopolitical uncertainty remains elevated, Malhotra said in a Wednesday interview with ET Now.
Incoming data will drive the RBI’s next decision, he said, arguing the bank would already have shifted to a restrictive stance if a hike were clearly in view.
The remarks reinforce a wait-and-watch approach as policymakers weigh uncertain external risks against India’s domestic economic outlook.