“We Change Repo Rates Only to Get Jobless People to Talk Like Economists”: RBI Official

A top RBI official has revealed that the RBI changes rates only to get jobless people to talk like economists.

Speaking to The Fauxy, the official said, “We have observed that people struggling to maintain a minimum balance in their accounts suddenly become financial experts as soon as the bank announces any rate change. We use these people to divert attention from bigger issues.“

“Today, we changed the repo rate, and now no one is talking about the Rupee hitting a record low against the Dollar,” said the RBI official.