@article {article1415, title = {Monetary policy braves macro challenges}, author = {Himadri Bhattacharya}, journal = {Foundation of The Billion Press}, date = 2019-08-08, year = 2019, url = https://www.thebillionpress.org/columns/economy/monetary-policy-braves-macro-challenges-1415, Abstract = {That the Monetary Policy Committee will reduce the policy rate for a fourth time in a row was in no doubt. Most expected a cut by 25 basis points, although there were a few who hoped for a more aggressive decrease by 50 basis points. The actual outcome was a cut in the rate by 35 basis points, to 5.4 per cent with no change in CRR.} }