Pune, Jan 07: Reserve Bank of India Governor Bimal Jalan said Monday the apex bank will continue with its soft monetary policy stance and that the inflation outlook in the country is good.
"Inflation outlook is good, very benign and despite the high oil prices and drought it is at a historical low of around 3.5 per cent, which is very unusual", Jalan said on the sidelines of the National Institute of Bank Management's annual day function here.

Asked about the interest rate outlook given the tame inflation and huge foreign exchange inflows, he said it was expected to be benign.
Referring to the repo rate, Jalan said as and when necessary it would be changed but there is no proposal to cut the rate as of now and the yields are for the market to decide.

On the bank rate, which is the lowest since 1973, he said no change is planned till the end of the current fiscal. Bureau Report