Not A Time To Talk About Cut: RBI Guv

The future is full of uncertainties. These uncertainties and the risks can’t be underestimated. It will be inappropriate, it will not be appropriate to specifically sort of talk in terms of timing of a rate cut -- Shaktikanta Das, RBI Governor

Mumbai: RBI Governor Shaktikanta Das on Wednesday said the confidence in inflation cooling down in the near future, resulting in a better balance between growth and price rise, led the central bank to change the policy stance to neutral.

He, however, made it clear that there are ‘significant risks’ to inflation like the ones arising out of geopolitical tensions, and it is ‘not appropriate’ to talk about a rate cut for now. On whether the change in stance to ‘neutral’ from earlier ‘withdrawal of accommodation’ should be seen as the RBI’s pivoting, he said that it is for others to assess.