Economics
India’s Central Bank Chief Sees Room for Rate Cut
- Inflation has stayed below RBI’s medium-term target of 4%
- Das says final decision will be taken by monetary policy panel
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India’s central bank Governor Shaktikanta Das said there’s room for interest rate cuts to spur economic growth given stable and below-target inflation.
Speaking at the Bloomberg India Economic Forum in Mumbai on Thursday, Das said a surge in oil prices following the supply disruption at a Saudi Arabian crude facility will likely be contained and won’t pose a major challenge to monetary policy or inflation.