Skip to content
Subscriber Only
Markets
Economics

India’s Finance Minister Seeks ‘Significant’ Rate Cuts from RBI

  • Sitharaman’s comments come ahead of next week’s rate meeting
  • Bonds rallied on her comments on rate cuts, global bond
Nirmala Sitharaman, left, speaks to Shaktikanta Das.
Nirmala Sitharaman, left, speaks to Shaktikanta Das.

India’s Finance Minister Nirmala Sitharaman said the central bank should deliver “significant” interest rate cuts to spur economic growth, the Economic Times reported, citing an interview with her.

Speaking ahead of the Reserve Bank of India’s Aug. 7 policy decision, Sitharaman said “I’ll honestly wish” for more easing, and that “a significant rate cut would do a lot of good for the country.”