Bank of England

Bank of England

A message RBI can take from Bank of England

The Bank of England is of the view that further sharp increases in policy rates could do more damage than good. The RBI’s MPC will do well to bear this in mind.

It is crucial for central banks to carefully consider the potential consequences of their policy decisions, as highlighted by the Bank of England's stance on policy rates. By taking a cautious approach, the RBI can learn valuable lessons from the Bank of England's experience and make informed decisions for the Indian economy.