
Time has come to review objectives of monetary policy: RBI deputy governor
Monetary policy can only hope to address future inflation, not today's inflation, says RBI deputy governor Michael Patra.
Monetary policy can only hope to address future inflation, not today's inflation, says RBI deputy governor Michael Patra.
The Indian rupee has appreciated against all major currencies barring the US dollar, says RBI governor.
SBI Research expects the peak repo rate in the cycle at 6.25%.
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.
A combination of high international commodity prices and elevated logistics disruptions could aggravate input costs across sectors, says the RBI Governor.
The central bank sharply increased its inflation projection to 5.7% in the financial year 2022-23 from its earlier forecast of 4.5%.
The MPC maintained its dovish stance flagging potential downside risks to economic activity from the third wave of the Covid-19 pandemic.
The RBI would be moving from an accommodative to neutral stance, which will be in harmony with the rate hikes, predicts Sanjiv Chadha of Bank of Baroda.
We will have to do it steadily and ensure that growth is not affected. Caution is the word: FM.
The negative real rate of return on bank deposits is spurring flows into speculative assets, feels the MPC member.