HomeNewsBusinessEconomyRate hike pause is guidance, not commitment: RBI's Gokarn
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Rate hike pause is guidance, not commitment: RBI's Gokarn

The RBI Governor D Subbarao announced that the probability of future rate hikes is low. Deputy Governor of the Reserve Bank of India, Dr. Subir Gokarn says, not to hike rates is not a commitment, but guidance.

October 26, 2011 / 17:49 IST
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On Tuesday, the Reserve Bank of India (RBI) raised the benchmark interest rates by 25 bps, the 13th increase since March last year.

RBI Governor D Subbarao announced that the probability of hiking rates in the future is low. Deputy Governor of the Reserve Bank of India, Dr Subir Gokarn clarifies that not hiking rates is not a commitment, but a guidance.
TAGS: #D Subbarao #Dr Subir Gokarn #Economy #inflation #Latha Venkatesh #OMO #open market operations #RBI #repo rate #Reserve Bank of India
first published: Oct 25, 2011 08:34 pm

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