Waiting for MPC schedule could be costly and irreversible: RBI Guv

MPC meeting was advanced by at least two weeks and voted for a 40 basis points reduction in the benchmark policy rate to 4 per cent as growth took precedence over inflation. This was the second consecutive rate cut since the lockdown following the COVID-19 pandemic.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MD0zOR