RBI MPC 2026: No need to waste bullet when growth high, inflation low, says PwC on central banks's rate cut

RBI Monetary Policy Committee 2026: PwC expert Ranen Banerjee advises the Reserve Bank of India against cutting interest rates. He believes a rate cut now would be a wasted opportunity. Growth is strong and inflation is under control. The Monetary Policy Committee is unlikely to change rates in its upcoming February 2026 meeting. Private investment is not currently driven by interest rates.