One cannot completely rule out the possibility that the pause button would be pressed at the next MPC meet. Future actions, both for policy rate and stance, will depend on evolving data
The RBI's caution on inflation and its relatively hawkish position demonstrate its steadfast commitment to achieving the inflation target of 4%
Inflation remains a concern for the RBI
RBI MPC: Shaktikanta Das said that the repo rate hike of 25 bps is considered appropriate at this juncture but the monetary policy will remain agile to inflation
RBI monetary policy: In December, Das had said that despite consecutive rate hikes, core inflation had continued to remain 'sticky'
The Reserve Bank of Australia (RBA) on Tuesday increased the cash rate target by 25 basis points to 3.35 per cent, delivering a ninth straight hike
The key difference is that one works at the production level, the other at the level of the household; but there are a few other differences as well
In November, CPI, also called retail inflation, was at eleven-month low of 5.88 per cent
China abandoned its strict zero-Covid measures last month, lifting lockdowns, removing quarantine and halting regular testing. As a result, economists expect inflation to continue to accelerate
US stocks ended higher as investors heaved a sigh of relief after Powell refrained in a speech from commenting on rate policy but said the Fed's independence was essential for it to battle inflation
Economists and businesses await to see what will be committee's stance in 2023
25 bps raise likely in Feb, before RBI hits status quo button, feel experts
Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%
The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening
The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs
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Core inflation inches up; manufacturing activity declines
MPC is said to have failed to achieve inflation target if average CPI inflation falls outside 2-6% range for three straight quarters. This was the case in the three quarters from Jan to Sept of 2022
The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7