New Delhi : The Planning Commission said that the RBI has taken a cautious stance due to sticky inflation in its quarterly review of monetary policy by keeping the key rates unchanged.
“As far as looking ahead is concerned, the RBI has taken a slightly cautious stance because of its concerns that inflation is sticky. I have no difficulty with that,” the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, told here.
“The RBI are looking at a situation that if the monsoon does not improve, then there may be some pressure on that inflation front. There is no harm in being little cautious on this,” he added.