Confederation of Indian Industry, CII today said RBI's decision to maintain the status quo on policy rates indicates a guarded approach towards monetary easing to restrain inflationary expectations. Reacting to the decision, Director General of CII Chandrajit Banerjee said the policy of front loading the interest rate cuts should have been allowed to continue. He said this would have sent a strong signal that the RBI is aggressively addressing the growth risks in the economy accruing from weak demand conditions which are holding back investments. However, the industry body appreciated RBI's concerns about the anticipated risks arising from inflationary expectations and unfavourable external developments.