Transmission Of Rate Cuts To Get Better, Says RBI Governor Shaktikanta Das

Reserve Bank Governor Shaktikanta Das said on Saturday that momentum on credit growth is gathering pace and expressed hope that transmission of rate cuts will improve further in the coming days.

His comments come against the backdrop of concerns over growth of the economy, which has also registered spike in inflation and slowdown in industrial production.

Addressing the media after RBI board meeting, which was also addressed by Finance Minister Nirmala Sitharaman, Mr Das said he does not agree that rate cut transmission is plateauing out.