Reuters logo
RBI not biased towards either raising or cutting rates - Rajan
October 1, 2014 / 9:34 AM / 3 years ago

RBI not biased towards either raising or cutting rates - Rajan

MUMBAI (Reuters) - The Reserve Bank of India is not biased towards either raising or cutting interest rates, and its monetary policy stance will depend only on inflation data, Governor Raghuram Rajan told analysts in a conference call on Wednesday.

The Reserve Bank of India (RBI) Governor Raghuram Rajan listens to a question during a news conference after the bi-monthly monetary policy review in Mumbai September 30, 2014. REUTERS/Danish Siddiqui/Files

“As data comes in we will have a better view of what is happening and adjust accordingly, so I shouldn’t assume that we’re either biased towards raising rates or cutting rates at this point,” Rajan said.

The RBI kept its key policy repo rate unchanged at 8.0 percent on Tuesday and said it will refrain from cutting interest rates until it is confident that consumer inflation can be reduced to a target of 6 percent by January 2016.

Reporting by Swati Bhat; Writing by Himank Sharma; Editing by Rafael Nam

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below