New Delhi, July 7 -- In an unconventional take on central bank signalling, a recent Business Standard report highlights how State Bank of India (SBI) analysts are decoding not just the RBI's policy language, but also Governor Sanjay Malhotra's tie colours, to assess monetary direction.

According to SBI's latest research note, The Monetary Multiverse, the use of the word "growth" surged in the June 2025 monetary policy statement, appearing 24 times. This increased focus on growth, analysts say, preceded a 50-basis point rate cut, suggesting a potential shift in policy priorities.

SBI, however, noted that its analysis is "to be taken on a lighter note". Still, the frequency of words like "growth" and "inflation", visualised via word cloud...