%A Himadri Bhattacharya
%T Monetary policy braves macro challenges
%! Monetary policy braves macro challenges
%X 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.
%U https://www.thebillionpress.org/columns/economy/monetary-policy-braves-macro-challenges-1415