{"id":3577,"date":"2019-06-07T01:49:46","date_gmt":"2019-06-06T20:19:46","guid":{"rendered":"http:\/\/yourcareerheights.com\/?post_type=news&#038;p=3577"},"modified":"2019-06-07T01:53:55","modified_gmt":"2019-06-06T20:23:55","slug":"can-rbi-policy-be-the-blueprint-for-worlds-central-banks","status":"publish","type":"news","link":"https:\/\/yourcareerheights.com\/?news=can-rbi-policy-be-the-blueprint-for-worlds-central-banks","title":{"rendered":"Can RBI policy be the blueprint for world&#8217;s central banks?"},"content":{"rendered":"<div id=\"pl-3577\"  class=\"panel-layout\" ><div id=\"pg-3577-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3577-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3577-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-3577-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3 class=\"title2\">Passive inflation and the central bank\u2019s full tank of gas make the case to cut even stronger. India is becoming the gold standard for monetary policy in Asia, if not the world.<\/h3>\n<p class=\"title2\">While global markets are giddy from hints that the Federal Reserve may cut interest rates, India\u2019s central bank has been easing since February. Just as important, the Reserve Bank of India has been very consistent in its message: Borrowing costs need to come down to juice growth. Passive inflation and the central bank\u2019s full tank of gas make the case to cut even stronger. After Thursday's trim, the benchmark rate is 5.75%.<br \/>\nThe RBI's approach is correct. There\u2019s no point targeting inflation if growth is waning and the very thing you\u2019re aiming at is dormant. Thursday's quarter-point reduction in the benchmark rate, the third in as many policy meetings, underscores the theme: \u201cGrowth impulses have weakened significantly,\u2019\u2019 according to the central bank\u2019s statement. \u201cA sharp slowdown in investment activity along with a continuing moderation in private consumption growth is a matter of concern.\u2019\u2019 The RBI made clear that \u201cglobal economic activity has been losing pace\u201d and declared its stance to be \u201caccommodative.\u201d Much focus is rightly given to Beijing\u2019s efforts to pull both fiscal and monetary levers; as big as India's economy is, China's is much larger. But the People's Bank of China tends to be opaque and is trying to thread the needle between buttressing the economy and fretting about financial stability. Japan, meanwhile, gets plenty of attention as a pioneer of unconventional policies \u2013 yet its economy remains a parable about how booms can end in tears. And remember back in February, the consensus was that the Fed had just paused before resuming hikes. Few serious observers believe that now.<br \/>\nRead more at:<a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/can-rbi-policy-be-the-blueprint-for-worlds-central-banks\/articleshow\/69674825.cms\" target=\"_blank\" rel=\"noopener\">Can RBI policy be the blueprint for world's central banks? <\/a>\u00a0&amp;<br \/>\n<a href=\"https:\/\/economictimes.indiatimes.com\/articleshow\/69674825.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst\">\/\/economictimes.indiatimes.com\/articleshow\/69674825.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>India is becoming the gold standard for monetary policy in Asia, if not the world. Reserve Bank of India has been very consistent in its message: Borrowing costs need to come down to juice growth. Passive inflation and the central bank\u2019s full tank of gas make the case to cut even stronger. <\/p>\n","protected":false},"author":1,"featured_media":3344,"comment_status":"open","ping_status":"closed","template":"","tags":[625,624,514,40],"news-category":[27,29,63,230,50],"class_list":["post-3577","news","type-news","status-publish","has-post-thumbnail","hentry","tag-central-banks","tag-monetary-policy-review","tag-mpc","tag-rbi","news-category-banking","news-category-economy","news-category-monetory-policy","news-category-mpc","news-category-rbi"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/3577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3577"}],"version-history":[{"count":0,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/news\/3577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/3344"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3577"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3577"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fnews-category&post=3577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}