‘The worst is over’: Sunak finally closes in on inflation pledge
1 year, 5 months ago

‘The worst is over’: Sunak finally closes in on inflation pledge

The Telegraph  

Kallum Pickering, economist at Berenberg Bank, says if current patterns continue, “inflation should fall fast over coming months towards a 4-5pc rate by the end of the year and to within the 2-3pc range by the middle of next year.” If correct, Sunak would meet his first target. The figures will be cheered by the Bank of England, which has been under intense pressure to bring inflation back anywhere close to its 2pc target, which was last met in July 2021. It has so far raised rates from 0.1pc in December 2021 to 5pc last month, yet the dramatic tightening has proved impotent when it comes to headline inflation. In a shock and awe move the MPC last month raised interest rates by 0.5 percentage points, effectively a double move compared to the 0.25pp moves of the two prior policy meetings.

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History of this topic

Federal Reserve’s preferred inflation gauge shows price pressures eased last month
4 days, 2 hours ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Associated Press  

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known …

Bank of England warns of ‘heightened uncertainty’ as it keeps interest rates on hold
5 days, 5 hours ago

Bank of England warns of ‘heightened uncertainty’ as it keeps interest rates on hold

Associated Press  

LONDON — The U.K.’s central bank warned Thursday of “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best. The Bank of England’s nine-member Monetary Policy Committee kept its main interest rate unchanged at 4.75% with new data showing inflation rising to 2.6%, …

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
5 days, 16 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma
1 week ago

Vivek Kaul: RBI’s new governor will have to confront a tricky old trilemma

Live Mint  

Shaktikanta Das’ tenure as governor of the Reserve Bank of India has come to an end. For companies, lower rates mean lower interest outflows on their existing borrowings and hence higher profits and possibly higher stock prices. For market participants, lower rates mean that retail investors are incentivized to invest more in stocks in search of higher returns, leading to …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 5 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

DC Edit | RBI still cautious, but cuts CRR
2 weeks, 3 days ago

DC Edit | RBI still cautious, but cuts CRR

Deccan Chronicle  

The RBI-led Monetary Policy Committee continued its cautious approach by keeping the repo rate unchanged for the 11th time. The central bank has also allowed small finance banks to extend credit lines through UPI, which typically target borrowers of small ticket size loans. Lower middle class, which is said to be badly hit by low wage growth, will benefit from …

RBI monetary policy: MPC projects FY25 inflation at 4.8%
2 weeks, 4 days ago

RBI monetary policy: MPC projects FY25 inflation at 4.8%

Live Mint  

RBI Monetary Policy meeting: The Reserve Bank of India revised its inflation projection for 2024–2025 to 4.8% with Q3 at 5.7%, and Q4 at 4.5% The consumer price index inflation for the first quarter of the next financial year 2025-26 is projected at 4.6% and the second quarter at 4%. RBI October Monetary Policy Outcome During the Monetary Policy Committee …

Amid high inflation, RBI keeps repo rate unchanged at 6.5%
2 weeks, 4 days ago

Amid high inflation, RBI keeps repo rate unchanged at 6.5%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Friday held steadfast in its battle against inflation amid weakening growth momentum, with four of its six members voting to keep the policy repo rate unchanged at 6.50% for the eleventh bi-monthly review in a row. While noting the RBI’s mandate is to ensure price stability while supporting growth, …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 4 days ago

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a two-day review meeting amid recent worrying prints of headline inflation and gross domestic product. “However, with the GDP growth print sharply undershooting the MPC's expectations, a February 2025 rate cut may be …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
2 weeks, 5 days ago

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a three-day meeting that began on December 4, 2024. RBI MPC to adopt a ‘balancing act’ in December review India’s GDP growth in the July-September quarter of the current fiscal was below D-Street …

RBI Policy: MPC meeting begins today; will the central bank cut the repo rate? Experts weigh in
2 weeks, 6 days ago

RBI Policy: MPC meeting begins today; will the central bank cut the repo rate? Experts weigh in

Live Mint  

Against the backdrop of sticky inflation and slowing growth, the Monetary Policy Committee of the Reserve Bank of India has begun its three-day meeting on Wednesday, December 4, to decide on interest rates and its policy stance. The pivot to a neutral stance in October does provide the space to take more growth-supportive actions, and this could come in the …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 6 days ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Is MPC doing enough on inflation? Consumers are divided
3 weeks ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

MPC to keep rates unchanged amid slowing growth, rising inflation
Trending News
3 weeks, 1 day ago

MPC to keep rates unchanged amid slowing growth, rising inflation

Live Mint  

A shock slowdown and calls for lower interest rates may not convince India's policy rate-setters as they meet this week, as the horse of inflation strays out of the central bank's stable. “With CPI inflation having breached the 6% upper limit of the medium-term range of 2-6% in October 2024, we anticipate a status quo from the MPC in its …

Will RBI cut key interest rates on December 6? 3 things to know
3 weeks, 1 day ago

Will RBI cut key interest rates on December 6? 3 things to know

India Today  

As the Reserve Bank of India’s Monetary Policy Committee gears up for its December 6 meeting, market participants are weighing the likelihood of a key interest rate cut. Here are 3 things to know ahead of the upcoming RBI MPC meeting: GROWTH REMAINS UNDER PRESSURE India’s GDP growth dipped to 5.4% in Q2 FY25, a sharp decline attributed to weaker …

Energy costs push UK inflation to 2.3 percent
1 month ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 1 week ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

Bank says interest rates could be cut ‘gradually’ after holding at 5%
3 months ago

Bank says interest rates could be cut ‘gradually’ after holding at 5%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England has …

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near
3 months, 3 weeks ago

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near

LA Times  

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. In a high-profile speech last week, Fed Chair Jerome H. Powell attributed the inflation surge that …

Why the rise in inflation might actually be... good news
4 months, 1 week ago

Why the rise in inflation might actually be... good news

The Independent  

Inflation is up… and that’s, erm, good news. A small cut in the Bank rate from the current 5 per cent to, say, 4.75 per cent in September, October or November is slightly more likely now than it seemed yesterday. Prices overall on this definition rose by 3.3 per cent in the year to July 2024 – down from 3.5 …

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month
4 months, 1 week ago

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, despite the smaller than …

RBI maintains calm against global noise
4 months, 2 weeks ago

RBI maintains calm against global noise

Live Mint  

The Reserve Bank of India’s bi-monthly monetary policy orchestrated on 8th August 2024 ensured that the “elephant” was deep in the forest before changing the policy. The RBI’s Monetary Policy Committee voted with 4:2 to keep the policy repo rate and stance unchanged at 6.50% and “withdrawal of accommodation” respectively. Like last policy, the two of the external MPC members, …

Inflation ticks up in Europe, complicating the European Central Bank's next move
4 months, 3 weeks ago

Inflation ticks up in Europe, complicating the European Central Bank's next move

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the 20 countries …

With election looming, UK’s governing Conservatives seize on inflation fall to 2% target
6 months ago

With election looming, UK’s governing Conservatives seize on inflation fall to 2% target

Associated Press  

LONDON — Inflation in the U.K. returned to the Bank of England’s target rate of 2% for the first time in nearly three years, official figures showed Wednesday, a development that was seized on by the governing Conservative Party as evidence that its economic plan is “working” ahead of the July 4 election. But Conservative Prime Minister Rishi Sunak hailed …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Inflation eases in May, but major relief on interest rates not coming soon
6 months, 1 week ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row
6 months, 2 weeks ago

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the MPC’s meeting on Friday, marks the eighth time in a row that the policy rate has been put on hold to keep the focus on battling high inflation. “These decisions are in consonance with the …

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%
6 months, 2 weeks ago

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%

Live Mint  

RBI MPC Announcement: The Reserve Bank of India maintained its 4.5% inflation projection for 2024–2025 with Q1 at 4.9%, Q2 at 3.8%, Q3 at 4.6% and Q4 at 4.5%. {{^adFree}} {{/adFree}} Das stated that CPI headline inflation softened further in March and April, but that persistent food inflation pressures outweighed the benefits from code disinflation and fuel deflation. With growth …

Business News Highlights: Sensex Settles 1618 Points Up, Nifty Over 23,290 Amid RBI Keeping Repo Rate Unchanged At 6.5%
6 months, 2 weeks ago

Business News Highlights: Sensex Settles 1618 Points Up, Nifty Over 23,290 Amid RBI Keeping Repo Rate Unchanged At 6.5%

ABP News  

Business News Live: Hello and welcome to ABP Live's Business LIVE blog. According to a Bloomberg report, the RBI is anticipated to maintain its benchmark interest rate at 6.5 per cent for the eighth consecutive meeting. In addition, the central bank is expected to maintain its projection of 7 per cent GDP growth and an average inflation rate of 4.5 …

RBI MPC Meet 2024 Highlights: Repo rate unchanged , Real GDP growth at 7.2%
6 months, 2 weeks ago

RBI MPC Meet 2024 Highlights: Repo rate unchanged , Real GDP growth at 7.2%

Hindustan Times  

June 7, 2024 10:17 AM IST RBI MPC Meet 2024 LIVE: RBI Governor Shaktikanta Das said, "The inflation growth balance is moving favourably. While the MPC took note of the disinflation achieved so far without hurting growth, it remains vigilant to any upside risks to inflation, particularly from food inflation, which could possibly derail the path of disinflation. Accordingly, the …

Monetary policy: Things to watch out for in the coming months
6 months, 2 weeks ago

Monetary policy: Things to watch out for in the coming months

Live Mint  

In what is expected to be a status quo policy, the main takeaway from the Reserve Bank of India’s June policy will be any signals for the start of the rat-cut cycle. Growth remains steady which will continue helping the RBI to focus on the 4% inflation target. The RBI Monetary Policy Committee goes into the June meeting with global …

RBI MPC: Central Bank Unlikely To Cut Interest Rate On June 7 Amid Lok Sabha Election Results, Says Experts
6 months, 2 weeks ago

RBI MPC: Central Bank Unlikely To Cut Interest Rate On June 7 Amid Lok Sabha Election Results, Says Experts

ABP News  

RBI MPC: The Reserve Bank of India is unlikely to reduce the benchmark interest rate during its upcoming monetary policy review meeting as per the experts. Additionally, the Monetary Policy Committee may opt to maintain the current interest rate of 6.5 per cent due to the ongoing economic growth, which has been gaining momentum since February 2023. In addition, every …

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA
6 months, 3 weeks ago

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA

ABC  

In short: The annual rate of inflation ticked up to 3.6 per cent in April, from 3.5 per cent in March. According to the Australian Bureau of Statistics, an underlying measure of inflation — called "trimmed mean" inflation — also picked up again in April, from 4 per cent to 4.1 per cent. "It does not appear that the RBA …

Lack of money for tax cuts persuades Rishi Sunak to call general election
7 months ago

Lack of money for tax cuts persuades Rishi Sunak to call general election

The Telegraph  

Mr Sunak’s announcement of an uplift in defence spending to 2.5 per cent of GDP further squeezed the amount of money left for an autumn budget, and there were fears that economic variables, such as inflation and growth, could go against the Government. Mr Sunak knew that an underwhelming pre-election budget would have done more damage than going to the …

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices
7 months ago

UK inflation - live: Tories call for Bank of England to cut interest rates despite market gloom over rising prices

The Independent  

✕ Close Hunt attacks Labour and says he refutes 'myths' the economy is worse under Tories For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like …

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4
7 months ago

UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4

Associated Press  

LONDON — Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed Wednesday. “While it’s clearly good news headline inflation is back to normal levels, it is disappointing that price pressures haven’t fallen further and that measures of services inflation are proving …

Inflation tumbles to 2.3% as Rishi Sunak hails 'milestone' in cost-of-living battle… but doubt cast on rapid BoE interest rate cuts after fall is smaller than hoped - and high government borrowing hit
7 months ago

Inflation tumbles to 2.3% as Rishi Sunak hails 'milestone' in cost-of-living battle… but doubt cast on rapid BoE interest rate cuts after fall is smaller than hoped - and high government borrowing hit

Daily Mail  

Rishi Sunak hailed a 'major milestone' today after inflation tumbled to the lowest level in nearly three years. However, the drop, driven largely by easing energy prices, was less than the 2.1 per cent analysts had pencilled in - sparking concerns that the Bank of England might delay interest rate cuts. Grant Fitzner, the ONS's chief economist, said: 'There was …

'Too soon to declare victory' as RBA governor Bullock says she can't rule out another rate rise
7 months, 2 weeks ago

'Too soon to declare victory' as RBA governor Bullock says she can't rule out another rate rise

ABC  

In short : Interest rates have been kept steady, at 4.35 per cent. RBA does not want to tip economy into recession, Bullock says On Tuesday, Governor Bullock said when the RBA lifted rates in November, from 4.1 to 4.35 per cent, it was "taking out a little insurance." The RBA's preferred "core" measures of inflation, such as the trimmed …

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High
7 months, 3 weeks ago

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High

Bloomberg  

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday: Federal Open Market Committee votes unanimously to leave benchmark rate unchanged in target range of 5.25%-5.5%, a two-decade high, for sixth straight meeting; adds new sentence to statement noting, “In recent months, there has been a lack of further progress toward the Committee's 2% inflation objective” Statement repeats …

Monetary Policy Committee Members Stay Cautious on Elevated Food Inflation Risks
8 months ago

Monetary Policy Committee Members Stay Cautious on Elevated Food Inflation Risks

Deccan Chronicle  

Mumbai: India’s strong growth momentum is giving the central bank the policy space to unwaveringly focus on price stability which inturn would help set the foundation for a period of high growth, wrote the Reserve Bank of India Shaktikanta Das in the minutes of the April policy meeting released on Friday. Majority of the RBI's rate setting panel expressed caution …

DC Edit | Cautious RBI targets inflation
8 months, 2 weeks ago

DC Edit | Cautious RBI targets inflation

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee has once again kept the policy repo rate unchanged at 6.5 per cent. Retail inflation hovered around 5.1 per cent during January and February 2024, which is a marginal decline from 5.7 per cent in December 2023. Food inflation — which is the most important focus area for the world’s populous country …

Both dovish and hawkish
8 months, 2 weeks ago

Both dovish and hawkish

Hindustan Times  

The first Monetary Policy Committee meeting for the new fiscal year has kept the policy rate unchanged at 6.5% and retained the stance of monetary policy as focused on the withdrawal of accommodation. RBI believes India’s GDP growth rate and benchmark inflation rate, as measured by the Consumer Price Index, to be 7% and 4.5%, respectively, in FY25. After all, …

RBI MPC 2024: RBI Keeps Repo Rate Unchanged At 6.5%; Says GDP Growth Is Buoyant
8 months, 2 weeks ago

RBI MPC 2024: RBI Keeps Repo Rate Unchanged At 6.5%; Says GDP Growth Is Buoyant

News 18  

RBI MPC April 2024 Meeting LIVE: The Reserve Bank of India governor Shaktikanta Das announced the Monetary Policy Committee’s decision on key interest rates today. The two-day review meeting of the RBI’s Monetary Policy Committee, the rate-setting panel, commenced on April 3 and concluded today. Five out of six members voted in favour of the rate decision whereas the monetary …

‘Elephant has gone for a walk’: RBI governor Shaktikanta Das on inflation after MPC meet
8 months, 2 weeks ago

‘Elephant has gone for a walk’: RBI governor Shaktikanta Das on inflation after MPC meet

Hindustan Times  

The Reserve Bank of India on Friday retained the inflation projection at 4.5 per cent for the current financial year but governor Shaktikanta Das stressed the need to remain vigilant on food prices due to the forecast of higher temperatures between April and June. While the RBI governor cautioned about the impact of the reduction in fuel prices on inflation, …

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%
8 months, 2 weeks ago

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%

The Hindu  

April 05, 2024 10:08 am | Updated 12:45 pm IST The Monetary Policy Committee on April 5 decided to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50%. The risks are evenly balanced.” On inflation the Governor said “Two years ago, around this time, when CPI inflation had peaked at 7.8% in April 2022, the elephant …

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