A 2019 article in the Wall Street Journal discussed the decision by Indias central bank to cut
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A 2019 article in the Wall Street Journal discussed the decision by India’s central bank to cut its policy rate, which is the equivalent in India of the federal funds rate in the United States, from 6 percent to 5.75 percent. According to the article, the cut occurred during a period of “low inflation and concerns over growth.” Briefly explain why a cut in the central bank’s policy rate would be an appropriate policy action at a time of low inflation and concerns over growth. What response to its rate cut was the central bank hoping to see?
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A cut in the central banks policy rate such as the one described in the 2019 Wall Street Journal article can be an appropriate policy action during a period of low inflation and concerns over economic ...View the full answer
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