 "Reserve Bank of India, RBI")
While a majority of market participants were expecting another repo rate hike, the RBI opted for a pause. A number of factors were considered before keeping the repo rate unchanged after rate hikes in the six previous policy review meetings.
"Inflation has softened from its elevated levels a year ago. however, it still remains above the upper tolerance band. Projections for 2023-24 point to a softening in inflation, though the disinflation is likely to be gradual and protracted, given the rigidity in core or underlying inflation pressures", said Shaktikanta Das, RBI Governor.
"Inflation has softened from its elevated levels a year ago. however, it still remains above the upper tolerance band. Projections for 2023-24 point to a softening in inflation, though the disinflation is likely to be gradual and protracted, given the rigidity in core or underlying inflation pressures", said Shaktikanta Das, RBI Governor.
