https://www.taxtmi.com/news?id=33286 Reserve Bank adopted a less restrictive monetary policy for this meeting, implementing a rate reduction while maintaining a neutral stance to retain flexibility based on incoming data; the move targets durable alignment of inflation with the 4 per cent aspiration amid cooling inflation projections. The Governor noted exchange rate pass through to inflation but identified global uncertainties as the principal macroeconomic risk. Deputy Governors explained that transmission to retail rates will take quarters though external benchmark linked loans will reprice immediately, and that the Bank is reviewing guidelines on bank conduct related to misselling of financial products. en-us Fri, 07 Feb 2025 18:46:03 +0530 Fri, 07 Feb 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33286 Reserve Bank adopted a less restrictive monetary policy for this meeting, implementing a rate reduction while maintaining a neutral stance to retain flexibility based on incoming data; the move targets durable alignment of inflation with the 4 per cent aspiration amid cooling inflation projections. The Governor noted exchange rate pass through to inflation but identified global uncertainties as the principal macroeconomic risk. Deputy Governors explained that transmission to retail rates will take quarters though external benchmark linked loans will reprice immediately, and that the Bank is reviewing guidelines on bank conduct related to misselling of financial products. News - Fri, 07 Feb 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=33286