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

The monetary policy committee (MPC) has to take cognisance of the US Federal Reserve's fourth straight rate hike of 75 basis points in its December policy review, say some experts. Others believe that the RBI panel may go slow in its December policy onwards, despite the Fed decision.

"(MPC) won't go slow but we have to increase the rate for sure. In the last policy, RBI spoke of Fed moves being shocked. (It) has to therefore respond," said Madan Sabnavis, Bank of Baroda’ chief economist.

In its September review, the MPC had talked about aggressive monetary policy actions and stances