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Reserve Bank of India’s policy committee maintains unchanged rates with unanimous vote, but one member expresses reservations
The Reserve Bank of India's MPC maintains repo rates at its June meeting. One member expresses concerns on RBI's disconnect from reality, but inflationary pressure eases.
Decrease in CPI Inflation Continues, Reports Ghosh
India's CPI inflation fell to a 25-month low of 4.25% in May 2023, led by a decline in tomato prices and more moderate rainfall. Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India, predicts that the average CPI will be 4.9% in FY24, with another RBI MPC pause expected in August 2023.
RBI Maintains Repo Rate and Focus on Withdrawal of Accommodation; Market Remains Stable
RBI has retained its policy stance and kept repo rates unchanged at 6.50%, in line with market expectations. The central bank plans to focus on the withdrawal of accommodation while supporting growth. RBI Governor Shaktikanta Das explained that the bank will remain vigilant due to the uncertain outlook for the monsoon and the potential impact of El-Nino conditions. The MPC's decision aims to align inflation progressively with the target.
RBI’s Monetary Policy Committee Begins Deliberations on Finalizing Key Rates
The Reserve Bank of India's monetary policy committee (MPC) will announce on June 8 whether to hold, cut, or revise the repo rates. The decision could significantly impact the economy, from the cost of borrowing to asset prices, as businesses and consumers eagerly await the committee's decision. The expectation is that the MPC will balance stability and growth, setting the stage for a strong recovery in the coming months. Stay tuned for the announcement and its potential impact on investments.
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Decrease in CPI Inflation Continues, Reports Ghosh
India's CPI inflation fell to a 25-month low of 4.25% in May 2023, led by a decline in tomato prices and more moderate rainfall. Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India, predicts that the average CPI will be 4.9% in FY24, with another RBI MPC pause expected in August 2023.
Reserve Bank of India’s policy committee maintains unchanged rates with unanimous vote, but one member expresses reservations
The Reserve Bank of India's MPC maintains repo rates at its June meeting. One member expresses concerns on RBI's disconnect from reality, but inflationary pressure eases.
RBI’s Monetary Policy Committee Begins Deliberations on Finalizing Key Rates
The Reserve Bank of India's monetary policy committee (MPC) will announce on June 8 whether to hold, cut, or revise the repo rates. The decision could significantly impact the economy, from the cost of borrowing to asset prices, as businesses and consumers eagerly await the committee's decision. The expectation is that the MPC will balance stability and growth, setting the stage for a strong recovery in the coming months. Stay tuned for the announcement and its potential impact on investments.
