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Expert Views: RBI keeps rates on hold, as expected


(Reuters) - India's central bank kept interest rates unchanged at a policy meeting on Wednesday to offer support for an economy that has lost some momentum, in a decision that was widely expected as inflation has eased significantly. The monetary policy committee (MPC) kept the repo rate unchanged at 6.50 percent as predicted by 64 of 70 analysts in a Reuters poll. The central bank also retained its 'calibrated tightening' stance as expected.All six members of the MPC voted to keep the rates on hold.COMMENTARYSHASHANK MENDIRATTA, INDIA ECONOMIST, ANZ BANK, BANGALORE"We might see the ...

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First Published: Wed, December 05 2018. 15:07 IST