GST Reforms May Ease Inflation, But RBI Unlikely to Cut Rates Hastily, Says MPC Member Saugata Bhattacharya
The Reserve Bank of India (RBI) is unlikely to initiate an immediate rate-cutting cycle despite the inflation-cooling potential of the government’s proposed GST reforms, according to Saugata Bhattacharya, external member of the Monetary Policy Committee (MPC). Speaking in an interview following the August policy meeting, Bhattacharya emphasized that the central bank will adopt a cautious,…