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Coimbatore, April 30 A hike in CRR by 25 bps to 8.25 per cent in addition to the 50 bps hike announced a fortnight ago reiterates RBI’s continued focus on balancing inflation expectations through active liquidity management, says Mr Rana Kapoor, Managing Director & CEO, YES Bank

This is aimed to use liquidity management mechanism to anchor inflation expectations, while maintaining the growth momentum undisturbed by holding interest rates steady. Hardening inflation and moderating growth amidst global uncertainties spelt a tightrope walk for the RBI. It has once again managed to achieve a fine balance between inflation and growth objectives, he said.

“The decision to wait for the impact of supply related initiatives by the Government and measures relating to the cash reserve ratio to pan out is prudent ,” he said.

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