💨 Abstract

Reserve Bank Governor Sanjay Malhotra hinted at another potential rate cut by changing the central bank's monetary stance to 'accommodative' from 'neutral'. This shift may further lower EMIs for consumers, and the bi-monthly monetary policy is scheduled to be announced on June 6. The governor clarified that the stance should not be directly associated with liquidity conditions, while the RBI remains committed to providing sufficient system liquidity.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖