We are already on the uptick in terms of credit growth: RBI

Urjit Patel said, 'We have a neutral stance, which means that data flow in the coming months and quarters will determine what we do regarding the policy'

Reserve Bank of India (RBI) Governor Urjit Patel and senior officials spoke to the media after the fifth bi-monthly monetary policy review for FY18 on the central bank’s decision to hold key interest rates, liquidity conditions, economic growth and bank credit. Edited excerpts: 

If growth doesn’t pick up and inflationary pressures continue, what will you give more importance to going ahead?

Urjit Patel: We have a neutral stance, which means that data flow in the coming months and quarters will determine what we do regarding the policy. So the neutral stance is there for a reason — that all possibilities