RBI had lowered the repo rate by 25 basis points for the second time in a row to 6% and changed its stance to ‘accommodative’ from ‘neutral’ on April 9. He hinted at further rate cuts by adding that “going forward too, considering the evolving growth-inflation trajectories, monetary policy needs to be accommodative.”
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation