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Monetary policy pause likely for entire year as Covid cases rise: BS poll

The policy, being the first in the fiscal year, could have many important policy measures spelled out

The RBI was at the forefront of providing stimulus to the economy last year, while the Narendra Modi-led government followed with modest fiscal steps

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The bond market is not expecting any change in rate or stance either

5 min read Last Updated : Apr 05 2021 | 5:56 PM IST

Economists and bond market participants are certain of a monetary policy pause on April 7, and possibly for the rest of the calendar year.

This is owing to renewed surge of the Covid pandemic, which is likely to hit the growth momentum to some extent.

The Reserve Bank of India (RBI) has often repeated that the accommodative stance would continue for as long as necessary, and well into fiscal year 2021-22.

Also, a data-dependent monetary policy committee (MPC) would unlikely change either its stance or rate decision in the absence of strong data. And therefore, other than liquidity measures, the policy

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