This will give some flexibility to monetary policy to support growth. An accommodative monetary policy stance is expected to help ensure greater availability of credit and reinforce market confidence. However, given possible upside risks to inflation, a more measured adjustment of policy rates is appropriate.
Third, savers are naturally not very enthusiastic about the return on their savings – I feel the same. However, we shouldn’t overlook all those who should be pleased to have very low interest rates. Anyone who takes out a loan to build a house or to invest in a business idea benefits.