RBI policy review: New MPC may opt for interest rate pause, says BS poll

Economists and bond traders are anticipating a pause in policy rates on Friday (today), expecting the monetary policy committee (MPC) of the Reserve Bank of India (RBI) to wait for more rate transmission.

All 10 economists and bond traders polled by Business Standard expect the status quo to continue on rates.

Late Monday, the government named Jayanth Varma, professor at the Indian Institute of Management, Ahmedabad; Ashima Goyal, member of the prime minister’s Economic Advisory Council; and Shashanka Bhide, senior advisor at the National Council of Applied Economic Research as external members of the MPC.

The MPC was originally scheduled to meet on