after that kind of a budget wasnt a cut nearly a diktat? @amisht @gchikermane @pti_news
@gchikermane, do u think this is wise? RT @PTI_News: Reserve Bank cuts its key policy rate by 0.25 per cent to 7.5 per cent.
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@shailichopra V hv 2 solve d core economic problem:supply side issues. Pushing demnd wl only lead 2 incrsd inflation@gchikermane@pti_news -
@amisht@shailichopra True. But we're in an election run-up. Welfare schemes will devour any free fisc space. Prepare for an economic choke.
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@amisht Govt has done nothing on fiscal front to give comfort to monetary policy. In a word, the decision is strange. -
@gchikermane Completely agree with u. CPI remains high. Indian inflation/growth problems r supply-led. Monetary policy impact wd be very low -
@amisht@gchikermane ...and since the market has already priced that in,they had to. Second,their way of saying we have an eye on growth too -
@DeeptiGovind@amisht Doutbtul. You may disagree with RBI but it has shown remakable resilience to public pressure. This is something else. -
@gchikermane@amisht True,no arguments there.None whatsoever on the reduced effect easing monetary policy will have (see EU, UK etc)..
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@amisht High int rates have failed to control inflation - they can't because it's fiscal problem. New reality: high inflation, low growth.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@amisht I don't understand it. RBI has been holding rates due to high inflation, fisc. Nothing's changed. So, why cut? And just 25 bps?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@amisht Rangarajan almost said it in an interview yesterday.. rate cut inevitable. That is why the story on 'stabilised inflation'Thanks. Twitter will use this to make your timeline better. UndoUndo
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