RBI saw growth slowdown, acted ahead of time by cutting rates from Feb: Das

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National News

Dec 16, 2019

1:17PM

RBI saw growth slowdown, acted ahead of time by cutting rates from Feb: Das

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Reserve Bank of India, RBI Governor Shaktikanta Das today said the central bank had acted ahead of time by starting to slash rates in February this year.

Speaking at the India Economic Conclave in Mumbai, he said, as early as February this year, the RBI saw that a momentum for slowdown is building up and the central bank started cutting rates this year. The comments from the RBI Governor come following a series of five consecutive rate cuts.