RBI plans policy change without disturbing markettext_fields
Mumbai: Reserve Bank of India is planning monetary policy changes once the economic activities show signs of sustainable and durable revival after notifying as to avoid a shock in the market, hinted Governor Shaktikanta Das.
The apex does not want to create a sudden shock in the market for which it would consider all aspects of the economy, he said. The policy change will be announced at the right time when the RBI feels the economic recovery process is on the right trajectory, Das added.
For the time being, a change in the policy is unviable considering the pandemic situation in the country, he said reminding the uncertainty prevailing around the pandemic.
"Our effort has been to nurture the recovery process, and it is satisfying to note that the economy and all activities have responded well to the impulses which were generated from the central bank," Das said. "Now we are in a situation where the inflation seems to be spiking up," he said.