Borrowers may breathe easy for sometime as the Reserve Bank of India today said it is not going to change its policy rates or other tools, which have a bearing on interest rates, till April 20.

"Please don't expect any action between now and the next announcement unless there is completely unanticipated, unwarranted event," RBI deputy governor Subir Gokarn told reporters on the sidelines of an Assocham seminar here.

The RBI is scheduled to come out with its annual monetary policy for the next fiscal on April 20.

"We had anticipated in our announcement in January that the government would live up to its earlier commitment to bring the (fiscal) deficit down to 5.5 per cent of the GDP and our policy decision on January 29 takes that into consideration," he said.

The finance minister had set a target of reducing the fiscal deficit to 5.