
War against inflation not yet won: MPC's Jayanth Varma
Monetary policy should not be conducted by looking at the rear view mirror, says Varma.
Monetary policy should not be conducted by looking at the rear view mirror, says Varma.
Notwithstanding the increase in CPI inflation, how the CPI is measured by CSO is also a worrying phenomenon, says the SBI Research report
The 25 basis point rate hike approved by the majority of the MPC is not warranted in the current context of diminished inflationary expectations and heightened growth concerns, says Jayanth Varma.
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.