MPC member Ashima Goyal Urges Slow Hikes as Interest Rates Near Neutral
Updated: 28 Jun 2022, 01:29 PM IST
TL;DR.An Indian monetary policy dove signaled it’s probably time to abandon the aggressive pace of increases in borrowing costs, saying the inflation-adjusted real interest-rate is approaching neutral terrain -- a level where it can help check inflation without stifling economic growth.
FILE PHOTO: A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 8, 2022. REUTERS/Francis Mascarenhas