Business Standard

Status quo policy regardless of late MPC member induction: Experts

While new members will be domain experts, it would be too early for them to properly grasp of the situation once they get to see a tiny picture of the real economic scene at hand

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In fact, it is the MPD of the RBI that works behind the scene for MPC as well.

Anup Roy Mumbai
Economists and bond traders expect a pause in policy rates on October 1, expecting the monetary policy committee (MPC) to wait for more transmission of rates, while the late induction of members in the panel could also force an outcome that would veer towards continuity of the old decisions. 

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

While the MPC is scheduled to meet on September 29, 30 and then on October 1, new members have not yet been announced. By all indications, the members could get announced on Monday

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First Published: Sep 26 2020 | 8:38 PM IST

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