Economy RBI Monetary Policy: Economists decode the actions and its impact on economy Updated : March 27, 2020 07:38 PM IST The first attempt of the RBI more than the rate cut was to free up the logjam that was getting created in the financial system, said IDFC Bank chief economist. This liquidity infusion, the moratorium, the targeted LTRO -- all these were necessary steps to buy us some time during this lock down period, said veteran banker. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.