RBI Chief Sees Rate Cuts If Inflation Slows or Growth Wanes

India’s central bank will consider cutting interest rates further if inflation falls below its projection or growth comes under pressure in Asia’s third-largest economy, Governor Sanjay Malhotra said.

“The monetary policy committee will always factor in the evolving situation, the outlook, and then decide what the economy really needs,” Malhotra said in an interview with CNBC-TV18 on Tuesday. “Certainly the policy rates can be cut” if inflation is lower than the central bank’s forecast or growth remains weak, he added.