Experts believe RBIs 25 bps rate cut is shift to 'accommodative' stance

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Experts believe RBIs 25 bps rate cut is shift to 'accommodative' stance - Business Standard

Quick Summary:

The RBI decision to reduce the key interest rate by 25 bps and revise its monetary stance to 'accommodative' is a timely move and will cushion the secondary impact of tariffs on domestic economy, industry players said.

SBI Chairman C S Setty said the RBI rate cut coupled with the revision in stance to 'accommodative' was a swift, timely move and a forward guidance to the market to stay supportive against evolving global uncertainties.

Industry players, including banks, NBFCs, and realtors, also said that the Reserve Bank's latest monetary policy augurs well for the economy amid global trade uncertainties.