Mpc

Run-up to monetary policy review: Expected pause, surprise on stance?

Run-up to monetary policy review: Expected pause, surprise on stance?

An unexpected pause

Inflation remains significantly above the target

It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo

Lowers inflation forecast, ups growth projection; bond prices, Rate sensitive stocks rally

A prudent comma, not a myopic full stop!

The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"

Necessary to assess cumulative impact of action taken so far: RBI

"It is now necessary to assess the cumulative impact of our action taken so far"

RBI monetary policy review: What led to the interest rate pause?

Real GDP growth for FY23 is expected at 7%, indicating resilient economic activity

Street sees no major surprise in RBI's interest rate pause decision

Realty stocks could see more gains while banking and NBFCs may witness a relief rally

Industry associations welcome RBI decision to pause interest rates

After six consecutive hikes aggregating 250 bps, RBI hits a pause

RBI's decision of not changing repo rate in line with expectations: Experts

The Reserve Bank of India's decision to keep key benchmark policy rate at 6.5 per cent is in line with expectations of the market, experts said on Thursday. The repo rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022. Bandhan Bank Chief Economist Siddhartha Sanyal said, "RBI's pause on the repo rate is completely in line with our expectations." In fact, "the 6-0 voting in favour of a pause reflects that," he said. The six-member Monetary Policy Committee comprises three RBI officials and three external members appointed by the central government. With the likely softening of Consumer Price Index to low-to-mid five levels in the coming months, the real policy rate will hover around one per cent during the 2023-24 financial year, he said. Retail inflation in February stood at 6.44 per cent as compared to 6.52 per cent in the previous month. MPC takes into account retail inflation numbers for setting the interest rates. How

MPC lowers projection for inflation, raises growth outlook a bit in FY24

Volatility in global financial market has potential upsides for imported inflation, says committee

Rupee, bonds gain ahead of RBI's monetary policy review decision

The currency opened at 82.08 a dollar as against Monday's close of 82.33 due to weaker job data in the US and went on to touch 81.92 levels on corporate inflows

Realtors worried about likelihood of another repo rate hike by RBI

Borrowing costs for both developers and homebuyers will rise, leading to higher housing prices on the one hand, and diminished demand from buyers on the other

Unfinished battle

RBI will need to do more to contain inflation

RBI's MPC meet begins amid expectations of yet another rate hike

The RBI's rate-setting panel on Monday started its three-day meeting amid expectations that the central bank may go for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022. Reserve Bank Governor Shaktikanta Das-headed Monetary Policy Committee during its three-day meeting (April 3, 5 and 6) will take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24. The decision of the six-member rate setting panel will be announced by the Governor on Thursday. The central bank has already increased repo rate by a total of 250 basis points since May in a bid to contain inflation, though it has continued to remain above the RBI's comfort zone of 6 per cent most of the time. The two key factors which the committee is expected to deliberate intensely while firming up the next monetary policy are elevated retail inflation and the recent action tak

MPC may raise rate by another 25 bps as inflation woes persist: BS Poll

All eyes on policy stance, pause signal

Top Headlines: MPC may bring 25 bps hike, vaccination rush amid Covid scare

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April 6 policy, a close call

If RBI goes for a hike, it could change the stance from withdrawal of accommodation to neutral, signalling end of cycle. If not, the stance can remain unchanged as tight liquidity will serve purpose

MPC should raise rates by 25 bps next week: Economists tell RBI

Current dynamics warrant hike, but central bank should keep liquidity stance flexible

RBI releases MPC meeting schedule for next financial year, 1st meet in Apr

The Reserve Bank of India (RBI) announced the meeting schedule of the Monetary Policy Committee (MPC) for the next financial year (FY24) on Friday

Rate transmission better in easing cycle than tightening period

Experts said, generally, in an easing cycle banks tend to reduce the interest rates on deposits faster than on loans to protect their margins