RBI has fallen behind the curve
The first big policy test of the new financial year will be the monetary policy review next week.
Address risks before introducing CBDC
Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy
RBI Governor Shaktikanta Das underlined the need for an effective communication strategy at the central banks, stressing that "monetary policy is an art of managing expectations".
'The time to ditch the Covid stuff from the monetary policy has come,' says Jayanth Rama Varma.
IMF said Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years
These firms account for 10% of bank credit in India, shows the study
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RBI status quo on rates sets it apart from most other central banks, which aren't only normalising liquidity but raising interest rates to tame inflation
The new timings for the fixed rate reverse repo operations and MSF operations will be from 1730 hrs to 2359 hrs, said RBI in a statement
RBI has been watchful of the impact of the pandemic on the banking and NBFC sectors when the effects of regulatory reliefs and resolutions fully work their way through said Shaktikanta Das
The RBI's dovish stance has also provided comfort to the unnerved bond and equity markets.
PM Modi is putting India at risk because he has got a bankrupt foreign policy, says the Congress leader
RBI announced rescheduling of rate-setting Monetary Policy Committee (MPC) meeting by a day in view of Maharashtra declaring public holiday on February 7
With forex reserves of over $630 billion and plenty of "policy room" to deal with the situation, India can withstand normalisation of monetary policy by central banks of large economies
Geo-politics & monetary policy have increased market risks
Some of the liquidity support has come in the form of government bond purchases in auctions and through private placement, to limit the government's debt interest expenses
The city-state's trade-dependent economy is highly susceptible to swings in global inflation
The pandemic years called for policy reinforcement; the post-pandemic aftermath will call for policy prioritisation