RBI Policy statement to be more balanced

With a shift in policy stance to 'neutral' from 'accommodative' in the February meeting while keeping the repo rate unchanged, the monetary policy committee (MPC) had set the stage for a prolonged pause on rates. A pause is indeed the most likely outcome of the April policy, too. The MPC will continue to review the incoming data on inflation and growth, in order to assess how the key risks to achieving its inflation objective of four per cent materialise or dissipate. The minutes from the February meeting indicated that a neutral stance does not exclude the possibility of a rate