Rate cut good for economy: Arvind Subramanian

The Union government welcomed a surprise interest rate cut on Wednesday as good news for the economy that would not pose any inflationary risks.

Both the rate cut and last weekend's annual budget were "consistent with non-inflationary growth", the finance ministry's chief economic adviser Arvind Subramanian told CNBC in an interview.

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Printable version | Oct 3, 2022 9:15:54 am |