New Delhi, Dec. 19 -- The global economic growth has remained resilient over the past year, even as persistent risks from geopolitical developments, trade tensions, policy uncertainty and economic fragmentation continue to cloud the outlook, said the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) minutes citing Governor Sanjay Malhotra.
Receding inflation pressures across economies, though still above targets in some advanced nations, have opened space for more accommodative monetary policies in the coming months, the Governor noted.
Financial market sentiment remains cautious amid uncertainties over divergent policy paths of major central banks and regional disparities in macroeconomic outcomes, the Governor said in his stat...