Risky recourse: The Hindu Editorial on the Reserve Bank of India’s Monetary Policy Committee and policy rate
1 year, 7 months ago

Risky recourse: The Hindu Editorial on the Reserve Bank of India’s Monetary Policy Committee and policy rate

The Hindu  

The latest decision by the Reserve Bank of India’s Monetary Policy Committee to leave its policy rate unchanged is a calculated risk taken by the rate setting panel, especially when viewed in light of the upward revision of its inflation forecast. Barely two months after projecting Consumer Price Index-based inflation to average 5.1% over the current fiscal year ending in March 2024, the MPC has raised its forecast for the annual average by 30 basis points to 5.4%. Conceding that a spike in tomato prices had contributed to a shock that had forced a revision in the headline inflation projection for the July-September quarter by a ‘substantial’ 100 basis points to 6.2%, RBI Governor Shaktikanta Das acknowledged that while the likely short-term nature of these shocks allowed for policymakers to look past a couple of high inflation prints, frequently recurring food price shocks risk destabilising inflation expectations. And while Mr. Das and his colleagues on the MPC have reaffirmed their readiness to take policy actions in order to align inflation to the target and ensure that inflation expectations remain well anchored, how quickly policymakers actually walk the talk and intercede in the coming months will determine their inflation-fighting mettle.

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History of this topic

Declining Inflation Sets The Stage For Stronger GDP Growth; Here's How
1 week, 2 days ago

Declining Inflation Sets The Stage For Stronger GDP Growth; Here's How

ABP News  

The decline in retail inflation to a level that is below the RBI’s targeted level of 4 per cent is expected to pave the way for accelerating GDP growth ahead as it provides the central bank with more headroom to cut interest rates and expand liquidity to spur economic activity and create more jobs. Similarly, a Crisil report states that …

Limited impact of Monetary policy on foreign outflows, currency: MPC members
1 month ago

Limited impact of Monetary policy on foreign outflows, currency: MPC members

Live Mint  

Monetary policy committee members acknowledged the need to give growth the much-needed impetus, while assuaging concerns about the impact of policy action on foreign exchange outflows and the rupee, minutes of the panel's latest meeting showed. According to the minutes, MPC member and Reserve Bank of India executive director Rajiv Ranjan said the need to cut rates should not be …

RBI MPC Minutes: Inflation moderate in near-term, global trade policies pose risk to growth outlook; 5 key highlights
1 month ago

RBI MPC Minutes: Inflation moderate in near-term, global trade policies pose risk to growth outlook; 5 key highlights

Live Mint  

The Reserve Bank of India released the minutes of the Monetary Policy Committee meeting on Friday, February 21, highlighting that India's repo rate reduction was an appropriate policy response, with retail inflation moving towards the central bank's four per cent target. In his maiden monetary policy review, RBI Governor Malhotra expressed an optimistic outlook for India’s economic growth, saying the …

MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv
1 month ago

MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv

Live Mint  

Mumbai, Feb 21 Reserve Bank Governor Sanjay Malhotra opined that rate reduction was an appropriate monetary policy response at this juncture citing movement of inflation towards the central bank's 4 per cent target, said the MPC meeting minutes released on Friday. "Given the macroeconomic outlook when inflation is expected to align with the target, and recognising that monetary policy is …

India’s Economic Growth Set to Pick Up Pace, RBI Says
1 month ago

India’s Economic Growth Set to Pick Up Pace, RBI Says

Live Mint  

-- India’s economy has recovered its lost momentum and consumption demand may improve on the back of moderating inflation and tax relief, the Reserve Bank of India said in its monthly bulletin. According to the RBI report, robust monsoon-sown crop and better winter sowing, along with higher reservoir levels, “augur well for food inflation going forward.” But uncertainty in global …

India's inflation likely to dip to a 5-month low of 4.60% in January: Report
1 month, 1 week ago

India's inflation likely to dip to a 5-month low of 4.60% in January: Report

India Today  

India’s common man is likely to get some relief as the country’s consumer inflation is expected to fall to a five-month low of 4.60% in January 2025, as compared to 5.22% which was recorded in December last year, reported news agency Reuters. The Reserve Bank of India in the latest Monetary Policy Committee meeting announced a cut of 25 basis …

Despite RBI's rate cut, spurring GDP growth is an uphill task
1 month, 1 week ago

Despite RBI's rate cut, spurring GDP growth is an uphill task

Live Mint  

The interest charged on loans is the most important price in an economy. Inflation held on a tight rein, RBI’s explicit mandate since 2016, is aimed not just at public relief on the cost of living, vital in itself, but also at easing the cost of capital: it lessens the risk of lenders being repaid less in real terms because …

Monetary policy: Surely, a rate cut could’ve waited for some clarity to emerge
1 month, 2 weeks ago

Monetary policy: Surely, a rate cut could’ve waited for some clarity to emerge

Live Mint  

Even in the otherwise arcane world of central banks, where rules have long displaced discretion and legislated mandates are the order of the day. How else can one explain the difference in policy outcomes at the February 2025 meeting of the Reserve Bank of India’s Monetary Policy Committee vis-à-vis its earlier meeting in December 2024? After the shift to ‘flexible …

RBI Monetary Policy: Is the rate cut a growth pill to boost demand? Here’s what it means for the Indian economy
Trending News
1 month, 2 weeks ago

RBI Monetary Policy: Is the rate cut a growth pill to boost demand? Here’s what it means for the Indian economy

Live Mint  

The Monetary Policy Committee of the Reserve Bank of India, led by Governor Sanjay Malhotra, has proposed a new repo rate of 6.25%. "Since the budget has proposed measures to propel domestic consumption and higher government capex, this rate reduction from RBI would further support growth," industry lobby grouping IBA's chairman M V Rao said in a statement. "Though additional …

RBI projects FY26 inflation at 4.2%, down from 4.8% estimate in 2024-25
1 month, 2 weeks ago

RBI projects FY26 inflation at 4.2%, down from 4.8% estimate in 2024-25

The Hindu  

The Reserve Bank on Friday projected the retail inflation at 4.2% for next financial year beginning April while retaining the forecast for 2024-25 at 4.8%. Unveiling the last bi-monthly monetary policy of this fiscal year, RBI Governor Sanjay Malhotra said food inflation pressures, in absence of any supply side shock, should see a significant softening due to good kharif production, …

RBI monetary policy: Central bank projects inflation at 4.2% for FY26
1 month, 2 weeks ago

RBI monetary policy: Central bank projects inflation at 4.2% for FY26

Live Mint  

RBI Monetary Policy: The new Reserve Bank of India Governor Sanjay Malhotra delivered a 25 basis points rate cut on Friday, February 26, the first such move by the country's central bank in almost five years, in a bid to spur the slowing Indian economy. The MPC noted that though growth is expected to recover, it is much lower than …

RBI Monetary Policy: Governor Sanjay Malhotra delivers 25 bps rate cut for first time in 5 years; 5 key takeaways
1 month, 2 weeks ago

RBI Monetary Policy: Governor Sanjay Malhotra delivers 25 bps rate cut for first time in 5 years; 5 key takeaways

Live Mint  

RBI Monetary Policy: In line with market expectations, the Reserve Bank of India Monetary Policy Committee decided to cut the repo rate by 25 bps for the first time in nearly five years and keep the monetary stance "neutral." “The MPC decided unanimously to reduce the policy repo rate by 25 basis points from 6.50 per cent to 6.25 per …

RBI MPC Highlights: Indices Close Trading In Red As Rate Cut Fails To Drive Markets Higher
1 month, 2 weeks ago

RBI MPC Highlights: Indices Close Trading In Red As Rate Cut Fails To Drive Markets Higher

ABP News  

RBI MPC Highlights: Hello and welcome to ABP Live's Business LIVE blog. The Reserve Bank of India will announce the results of its Monetary Policy Committee meeting on Friday, where the committee will review the benchmark interest rate and discuss India's economic outlook. At the previous MPC meeting in October, the committee decided to maintain the benchmark interest rate at …

RBI MPC meeting 2025 highlights: RBI MPC cuts repo rate by 25 bps to 6.25%
1 month, 2 weeks ago

RBI MPC meeting 2025 highlights: RBI MPC cuts repo rate by 25 bps to 6.25%

Hindustan Times  

Feb 7, 2025 11:30 AM IST RBI MPC meeting 2025 LIVE updates: Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Group said the following: • "In line with our expectations, the RBI, in its first MPC meeting of 2025, started easing monetary policy as the MPC unanimously decided to reduce the policy rate by 25 bps from 6.5% to …

RBI reduces key lending rate by 25 basis points to 6.25%
1 month, 2 weeks ago

RBI reduces key lending rate by 25 basis points to 6.25%

India Today  

The Reserve Bank of India’s Monetary Policy Committee announced a rate cut by 25 basis points to 6.25% on Friday under the leadership of newly appointed Governor Sanjay Malhotra. After assessing the current and evolving macroeconomic situation, the MPC unanimously decided to reduce the policy repo rate under the liquidity adjustment facility by 25 basis points to 6.25 per cent …

A tough call: On the RBI MPC’s first policy review of 2025
1 month, 2 weeks ago

A tough call: On the RBI MPC’s first policy review of 2025

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee will conclude its first policy review of 2025 on Friday, in significantly different circumstances from its December 2024 meet. With the Centre yet to name his successor, navigating this review is going to be a tad tricky for the new central bank boss, with another deputy holding additional charge of monetary policy. …

RBI MPC meeting 2025: Rate cut expected, when and where to watch RBI Governor Sanjay Malhotra live
Trending News
1 month, 2 weeks ago

RBI MPC meeting 2025: Rate cut expected, when and where to watch RBI Governor Sanjay Malhotra live

India TV News  

RBI MPC meeting 2025: After big relief to the salaried middle class, all eyes are on the outcome of the forthcoming RBI Monetary Policy Committee meeting. The all-new Monetary Policy Committee under RBI Governor Sanjay Malhotra has started deliberation and the key announcements will be made on February 7. RBI Monetary Policy 2025: When and where to watch Those who …

BofA expects RBI to cut repo rate by 25 bps in February MPC meeting
1 month, 3 weeks ago

BofA expects RBI to cut repo rate by 25 bps in February MPC meeting

Live Mint  

Bank of America Global Research has projected a shift in the Reserve Bank of India's monetary policy stance, citing stabilising market sentiment and improving domestic macroeconomic conditions. According to BofA, the delayed imposition of US tariffs has allowed the RBI to focus on local growth and inflation data, paving the way for 25 basis points cut in the repo rate …

Mint Quick Edit | Inflation is down: Will interest rates follow?
2 months, 1 week ago

Mint Quick Edit | Inflation is down: Will interest rates follow?

Live Mint  

With inflation a bugbear for policymakers, it’ll be a relief that the year-end saw price pressures ease, even if only a bit. Government data released on Monday showed that India’s consumer price index rose 5.2% from a year earlier in December, slower than the 5.5% rise in November. Though it’s still above the 4% central target being pursued by the …

Retail inflation eases to four-month low of 5.22%
2 months, 1 week ago

Retail inflation eases to four-month low of 5.22%

Hindustan Times  

India’s retail inflation eased in December 2024 to a four-month low of 5.22% from a year ago, driven by cooling prices of perishable food commodities, brightening hopes of a rate cut by the central bank. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance …

Indira Rajaraman: It pays to track of popular perceptions of public policy
2 months, 3 weeks ago

Indira Rajaraman: It pays to track of popular perceptions of public policy

Live Mint  

Public policy is so termed because it is done for us the people, the public. The Reserve Bank of India conducts a six-monthly survey of 3-month and 1-year ahead inflation expectations, termed Subjective Inflation Expectations in the economics literature. The average expectation across households in the sample, hovering around 10 % over the last ten years, has consistently remained well …

RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm
3 months ago

RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm

Live Mint  

Mumbai, Dec 22 The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. At his last policy announcement, Das said that the growth-inflation dynamic …

Aligning inflation to RBI’s 4 per cent target key to ensuring growth: MPC minutes
3 months ago

Aligning inflation to RBI’s 4 per cent target key to ensuring growth: MPC minutes

New Indian Express  

MUMBAI: The members of the Reserve Bank rate-setting panel in the minutes of its December meeting released on Friday said high prices are the cause for demand slowdown, and aligning inflation to the central bank’s 4% target is the key to ensuring sustained economic growth. Nagesh Kumar called for a 25 basis points reduction in policy, saying “I believe a …

Price stability crucial for India’s economic growth, says RBI
3 months ago

Price stability crucial for India’s economic growth, says RBI

Live Mint  

The foundations for high growth in the Indian economy can be achieved through durable price stability, the monetary policy committee of the Reserve Bank of India said. "The MPC emphasises that strong foundations for high growth can be secured only with durable price stability," the minutes of the Monetary Policy Committee meeting held in December said. "The MPC also decided …

RBI MPC Minutes: India’s inflation-growth balance unsettled, food CPI to moderate in Q4; 5 key highlights
3 months ago

RBI MPC Minutes: India’s inflation-growth balance unsettled, food CPI to moderate in Q4; 5 key highlights

Live Mint  

The Reserve Bank of India released the minutes of the Monetary Policy Committee meeting on Friday, December 20, highlighting that India's inflation-growth balance is unsettled for now, and the rate-setting panel's priority is to restore that balance while continuing with its neutral stance a durable alignment of headline inflation with the target is achieved. The RBI, at its last bi-monthly …

MPC votes for CRR cut, expects inflation to ease in Q4
3 months ago

MPC votes for CRR cut, expects inflation to ease in Q4

New Indian Express  

The members of the Reserve Bank of India’s rate-setting panel have shifted their policy stance and voted for a Cash Reserve Ratio cut, anticipating that food inflation, which remains in the low double digits, will ease in the fourth quarter of the current financial year. The Monetary Policy Committee also noted that high prices have contributed to a demand slowdown, …

Why RBI is central to the country’s economy
3 months, 1 week ago

Why RBI is central to the country’s economy

New Indian Express  

The art of setting interest rates Maintaining macroeconomic stability and financial stability is the holy grail of any central bank. The pursuit of sustainable growth and low and stable inflation have been fundamental to central banking activities since the early 19th century, though financial stability got equal prominence, thanks to black swan events like the Great Depression of 1930s and …

DC Edit | FM, new RBI chief signal cut
3 months, 1 week ago

DC Edit | FM, new RBI chief signal cut

Deccan Chronicle  

Finance minister Nirmala Sitharaman’s statement that inflation is a major challenge faced by countries around the world and that no country can solve it alone appears to have set an agenda for new RBI governor Sanjay Malhotra, who took charge a few hours before she made this statement. During the tenure of Shaktikanta Das, the RBI remained squarely focused on …

Retail inflation eases to 5.48% in November from above 6% in October
3 months, 1 week 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 …

Inflation likely eased to 5.5% in November: Mint poll
3 months, 1 week ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

​Staying the course: On the RBI and inflation
Trending News
3 months, 2 weeks 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
3 months, 2 weeks 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 MPC Dec 2024: Panel Keeps Key Rates Unchanged, Borrowers To Benefit From Stability In Home Loans, EMIs
3 months, 2 weeks ago

RBI MPC Dec 2024: Panel Keeps Key Rates Unchanged, Borrowers To Benefit From Stability In Home Loans, EMIs

ABP News  

RBI MPC Dec 2024: The Reserve Bank of India ’s Monetary Policy Committee met this week and decided to keep the key rates unchanged. Impact On Home Loans, EMIs, And Real Estate This stability in the key rates would also translate into relief and steadiness for the homeowners. This continuity provides a stable environment for the real estate sector, enabling …

RBI monetary policy decision: Is an RBI rate cut coming after Union Budget 2025? What experts suggest
Trending News
3 months, 2 weeks ago

RBI monetary policy decision: Is an RBI rate cut coming after Union Budget 2025? What experts suggest

Live Mint  

RBI Monetary Policy: The Reserve Bank of India's Monetary Policy Committee on December 6 announced that it would maintain the repo rate at 6.5 per cent for the eleventh consecutive time, in line with market expectations. RBI cut its GDP growth forecast for FY25 to 6.6 per cent and raised its inflation projection for FY25 to 4.8 per cent. Sujan …

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
3 months, 2 weeks ago

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%

Deccan Chronicle  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent.The Reserve Bank of India maintained the status quo on interest rate despite July-September quarter GDP growth …

RBI Policy Outcome: RBI cuts cash reserve ratio by 50 bps to 4%
3 months, 2 weeks ago

RBI Policy Outcome: RBI cuts cash reserve ratio by 50 bps to 4%

Live Mint  

RBI Monetary Policy: The Reserve Bank of India on Friday, December 6 as part of its policy decision decided to cut the cash reserve ratio by 50 basis points to 4%. This move is likely to ease liquidity conditions The cash reserve ratio is the percentage of deposits that banks are required to hold as cash. CRR cut of 50 …

RBI monetary policy: MPC projects FY25 inflation at 4.8%
3 months, 2 weeks 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 …

RBI to Announce Interest Rate Decision Amid High Inflation
3 months, 2 weeks ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?
3 months, 2 weeks ago

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?

Hindustan Times  

The Reserve Bank of India is set to announce its interest rate decision on Friday, December 6, following a three-day monetary policy meeting. "Coming up: Monetary Policy Statement by #RBI Governor @DasShaktikanta on December 06, 2024, at 10:00 am," the Reserve Bank announced on social media platform 'X'. Reserve Bank governor Shaktikanta Das, headed a six-member Monetary Policy Committee, started …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
3 months, 2 weeks 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 must restore balance between inflation, growth
3 months, 2 weeks ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

Lower GDP forecast to CRR boost: 6 key takeaways from RBI MPC
3 months, 2 weeks ago

Lower GDP forecast to CRR boost: 6 key takeaways from RBI MPC

India Today  

The Reserve Bank of India’s Monetary Policy Committee has decided to keep the key lending rates unchanged for the 11th consecutive time since February 2023. LOWER GDP GROWTH PROJECTIONS The Reserve Bank has slightly reduced its real GDP growth forecast for 2024-25, projecting it at 6.6%. Quarterly projections for GDP growth are as follows: Q3 of 2024-25: 6.8% Q4 of …

RBI must restore balance between inflation, growth
3 months, 2 weeks ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
3 months, 2 weeks 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
3 months, 2 weeks 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 MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement
3 months, 2 weeks ago

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement

Live Mint  

RBI MPC Meeting: Reserve Bank of India's three-day monetary policy committee started its meeting on Wednesday, December 4, to decide on interest rates for the Indian economy and the central bank's policy stance. The central bank's bi-monthly policy meeting comes forth amid the backdrop of sticky inflation and slowing growth in the nation's economy. RBI's current policy stance & expectations …

RBI Policy: MPC meeting begins today; will the central bank cut the repo rate? Experts weigh in
3 months, 2 weeks 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
3 months, 2 weeks 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 …

Monetary policy review: RBI should stick to its price stability mandate
3 months, 2 weeks ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

RBI MPC: FX, not inflation, curbing degrees of policy freedom
3 months, 2 weeks ago

RBI MPC: FX, not inflation, curbing degrees of policy freedom

Live Mint  

After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. Hence, we believe that in an increasingly volatile world, degrees of freedom for the RBI's monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation. While bond markets now anticipate rate cuts …

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