In the past one year, central banks across the world have taken diverging stands on policy rate measures to see the uncertain times through. While Japan, South Korea, Australia and the Euro area countries increased their policy rates, Mexico, Brazil, Russia and Thailand went the opposite way. These will prove as guide to the RBI MPC when it meets next week. India had only one, 25 basis points, rate cut in December 2025, preferring the wait-and-watch approach instead Published on July 31, 2026