RBI MPC meet: Another rate hike on cards; here’s what to expect
As inflation continues to stay above the central bank’s target ceiling of 6%, the MPC is set to go for another round of rate hikes in its policy announcement on August 5.
monetary policy committee
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June 2021
RBI raises inflation forecast for FY23 to 6.7%
Inflation is now projected at 6.7% in 2022-23, with Q1 at 7.5%; Q2 at 7.4%; Q3 at 6.2%; and Q4 at 5.8%
Inflation, growth concerns forced surprise rate hike: MPC minutes
The worsening outlook of inflation warrants timely action to forestall second round effects which could lead to unanchoring of inflation expectations, states the RBI governor.
High inflation, declining forex forces RBI to hike rates
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
RBI hikes repo rate by 40 bps in surprise MPC meet
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.
Why RBI is coy about raising interest rates
It is no secret that RBI is more worried about managing central government's mounting debt – up from 45.7% of the GDP in FY19 to 59.3% in FY21 – more than 90% of which is from internal sources.
RBI MPC meet: FY23 inflation at 5.7% amid global supply challenges
A combination of high international commodity prices and elevated logistics disruptions could aggravate input costs across sectors, says the RBI Governor.
RBI more concerned about govt borrowing, not inflation: Subhash Garg
Centre’s borrowing plan of ₹15 lakh crore for FY23 seen influencing MPC to pursue accommodative stance.
Monetary policy needs to mutate: Jayanth Varma
The narrow impact of the second wave makes an accommodative monetary policy irrelevant, says the only dissenting member of the MPC.
Dovish MPC opts for status quo
While the Reserve Bank of India kept policy rates and its accommodative stance unchanged, additional monetary measures have been brought in to fight the second wave of Covid-19.
