Page 3 - Monetary Policy Committee

South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch

Lender decision to not redeem the bonds does not indicate any weakness in capital position, says ratings agency

RBI's MPC starts deliberations amid expectations of moderate rate hike

The Reserve Bank's rate-setting panel on Monday started brainstorming for the next round of monetary policy amid expectations of a moderate interest rate hike of 25-35 basis points as inflation has started showing signs of easing and economic growth tapering. The RBI has hiked key benchmark lending rate by 50 basis points (bps) thrice since June over and above an off-cycle 40 bps increase in repo in May. RBI Governor Shaktikanta Das would be announcing the bi-monthly monetary policy on Wednesday (December 7) on the conclusion of the three-day of Monetary Policy Committee (MPC) meet. India's largest lender State Bank of India in a research report authored by Group Chief Economic Adviser Soumya Kanti Ghosh on Monday said: "We expect the RBI to hike rates in smaller magnitude in December policy attuned to emerging market central banks and the overall rate setting tone. A 35-bps repo rate hike looks imminent. We believe at 6.25 per cent, it could be the terminal rate for now". The curr

A 35-basis-point rate increase could be par for the course

This will take the policy rate to 6.25% and the RBI can continue with an open-ended statement, refraining from sounding dovish

RBI monetary policy: Pace of tightening set to slow

Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)

Economists see 35 bps rate hike, then a pause: BS monetary policy poll

Some expect a slight reduction in GDP growth forecast

Hike interest rates by 25-35 basis points in Dec: Economists to RBI

The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7

Retail inflation likely to ease in coming months: Finance ministry

The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports

GDP growth may have beaten MPC estimate of 6.3% in Q2, say most economists

The GDP numbers for the second quarter of the current financial year are scheduled to be out by this month end

Best of BS Opinion: Unwelcome reminder, Beyond Bali, and more

Here is the best of Business Standard's opinion pieces for today

RBI likely to go for smaller rate hikes as inflation eases: Analysts

The RBI has already raised rates by 190 bps since May, to 5.90%, as it battles to reign in inflation that has stayed above its 2%-6% tolerance band for ten straight months now.

Special FD rates, while attractive, lose the medium to long-term race

While you may begin allocating to them, keep some powder dry as rates could rise further

Britain and Rishi Sunak

The new PM faces unenviable challenges ahead, but he is a testament to the progress Britain has made towards becoming a multi-racial society

Managing growth expectations

In a highly uncertain global economic environment, realistic growth projections would reduce risks

What does Nobel laureate Douglas Diamond think of dominance of PSBs?

Business Standard's Veenu Sandhu & Manojit Saha speaks to Prof Douglas Diamond, who won the 2022 Nobel Prize in Economics, on how banks can brace themselves amidst concerns of a recession and more

Why does the RBI have to write a letter to govt over inflation?

RBI's monetary policy committee held an off-cycle meeting on Thursday, to discuss the unrelenting inflation and give a response to the govt on it. Why's the RBI is writing to the govt over inflation

RBI's MPC meets to draft letter to govt on missing inflation target

The meeting was chaired by RBI Governor Shaktikanta Das and attended by all the other five members of the rate setting panel

RBI Meeting: All you need to know about additional monetary policy meet

Under Section 45ZN of the RBI Act, 1934, the central bank is required to write a letter to the Centre if it fails to maintain the inflation target

After Fed hike, experts can't form consensus on expected MPC response

In September review, panel talked about aggressive monetary policy actions and stances across the world

RBI's letter may cite Ukraine war as main reason for high inflation: Report

For the past few months the MPC's and the governor's conduct has pointed at the war in Ukraine as the main reason for inflation staying above 6 per cent for three consecutive quarters

Acting prematurely would have hurt economy, says RBI Governor Das

Shaktikanta Das defends timing of rate hikes amid failure to meet inflation target