About The Editorial
The RBI has joined the battle by pitching the need to keep inflation and inflationary expectations under check. Just a month after the RBI’s MPC decided at a surprise ‘off-cycle’ meeting to raise interest rates for the first time in four years, the rate setting panel has followed up with a further 50 basis points increase in the policy repo rate. Furthemore, the MPC has stated that it no longer intends to ‘remain accommodative’.
Exams
SBI PO Prelims IBPS PO PrelimsVocabulary Check
Herculean Task
Meaning:any job or task that's extremely difficult or calls for enormous strength
Usage: I am merely suggesting that the director general has a herculean task confronting him.
Editorial Discussion
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