officials expected to have to raise interest rates by an additional three quarters of a percent. additional three quarters of a ercent. , ., , . percent. historical experience cautions are percent. historical experience cautions are strongly - percent. historical experience cautions are strongly against. cautions are strongly against prematurely loosening policy. i guess i would say it this way, i wouldn t see us considering rate cuts until the committee is confident that inflation is moving down to 2% in a sustained way. if moving down to 296 in a sustained way. moving down to 296 in a sustained wa . g ., ., sustained way. ifjerome powell is sustained way. if jerome powell is santa sustained way. ifjerome powell is santa claus, sustained way. ifjerome powell is santa claus, well, sustained way. ifjerome powell is santa claus, well, the - is santa claus, well, the smaller rate hike could be seen as a little christmas present, but the rest of the statement is pretty much a lump of
Read more about Continuing to lend a calming hand, RBI has its job cut out from here on on Business Standard. With inflation pressures likely to remain intact, the other critical input for the RBI will be the global monetary policy conditions, especially in the US