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Indian Central Bank Says There’s Room for More Policy Easing

  • Das says timing of further interest rate easing will be key
  • Finance minister Sitharaman says she’s committed to reforms
Shaktikanta Das
Shaktikanta DasPhotographer: Dhiraj Singh/Bloomberg
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India’s central bank Governor Shaktikanta Das said there’s more room for easing monetary policy, but a lot depends on how these actions are timed.

“It’s a very clear forward guidance,” Das said at the Times Network India Economic Conclave in Mumbai on Monday. “While taking a pause, we very carefully and definitively said there’s space for further monetary action, but its timing will have to be decided.”