RBI's 'Calibrated' Language Suggests Rate-Hike Cycle Not Open-Ended
The RBI's shift in its policy stance to "calibrated" suggests today's rate hike isn't an open-ended monetary-tightening cycle, according to Samco Mutual Fund's Umeshkumar Mehta. The Indian central bank's monetary policy will likely remain data-dependent and measured.
The RBI’s shift in its policy stance to "calibrated" suggests today’s rate hike is not an open-ended monetary-tightening cycle, Samco Mutual Fund’s Umeshkumar Mehta said in an email. The Indian central bank’s monetary policy will likely remain data-dependent and measured, the CIO said. Its descrip…