ADVERTISEMENT“Accordingly, the monetary policy committee voted to keep the policy rate unchanged even as it remains vigilant, closely monitoring incoming information and assessing the balance of risks,” RBI governor Sanjay Malhotra said while explaining the rationale of the decision. The governor clarified that the MPC has taken the ceasefire into account in the monetary policy decision. “The whole implications (will come later), but the ceasefire has been taken into account in the monetary policy decision,” he added. Rates to remain lowThe RBI governor on Wednesday reiterated his earlier view that interest rates may remain low for a long time, and economists echoed a similar view. “We estimate inflation at 4.9 per cent for FY27 and growth at 6.8-7 per cent, assuming the current conflict is short-lived and the current ceasefire holds.

Source: The Telegraph April 09, 2026 01:03 UTC