New Delhi, Aug. 7 -- Although the Reserve Bank of India (RBI) may have disappointed credit-users hoping for a rate cut amid trade headwinds that might weaken economic growth, its monetary policy decision revealed confidence in its past easing being sufficient to support GDP expansion.

RBI left not just its policy rate unchanged at 5.5%, but also its economic growth forecast for 2025-26 at 6.5%.

Also read: Monetary policy: Flexibility is key amid rapidly evolving economic landscape

This suggests that it had already taken a harsh US tariff scenario into account, or expects its impact on GDP to be very mild, or a combination of the two.

What it did alter, and quite sharply, was its inflation projection for this fiscal year, which it slas...