 "retail loans, lending, banks, cash, banking")
Five wise men and a wise woman — the Monetary Policy Committee (MPC) —will meet this week to decide on policy rates in Asia’s third-largest economy.
This is the fourth meeting of the Indian central bank’s new rate-setting body, which was reconstituted in October last year, and the first in fiscal year 2021-22.
Ahead of the meeting, the government announced its decision to keep the “flexible” inflation target of the monetary policy framework unchanged at 4 per cent with a two percentage points band on either side for the next five years, till 2025-26.
For the record,
This is the fourth meeting of the Indian central bank’s new rate-setting body, which was reconstituted in October last year, and the first in fiscal year 2021-22.
Ahead of the meeting, the government announced its decision to keep the “flexible” inflation target of the monetary policy framework unchanged at 4 per cent with a two percentage points band on either side for the next five years, till 2025-26.
For the record,
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