'This Is Only A Pause, Not A Pivot': RBI Gov Shaktikanta Das On Keeping Rates Unchanged

Reserve Bank of India (RBI) Governor Shaktikanta Das, after the Monetary Policy Committee announcements on Thursday, said during a media interaction that the decision to keep repo rates unchanged is only a “pause, not a pivot”. He had, during the announcements earlier in the day, also said that the central bank is ready to act if the situation warrants, indicating the possibility of further rate hikes in the future.

While emphasising that the decision to put a pause on the repo rate is for this meeting only, Governor Das said that the MPC “decided unanimously to keep the policy repo rate unchanged at 6.50 per cent in this meeting with readiness to act, should the situation so warrant”.