RBI cuts the repo rate to 5.25%, revises FY26 GDP growth to 7.3%, and lowers its inflation forecast to 2%, signalling stronger momentum and easing food-price pressures
RBI Deputy Governor Poonam Gupta said MPC inflation and growth forecasts show no directional bias and outlined the central bank's multi-model forecasting approach
The Monetary Policy Committee (MPC) stated that the Consumer Price Index (CPI) inflation for Q1 of 2026-27 is projected at 4.5 per cent
August MPC: RBI cuts FY26 inflation forecast to 3.1% on easing food prices, favourable monsoon; growth outlook steady at 6.5%, CRR cut to begin in September
It is important to understand the rationale behind the MPC's decision to reduce the policy rate by 50 basis points, as against the market expectation of 25 basis points
RBI lowers repo rate by 25 bps and trims GDP projection for FY26, citing controlled inflation and global trade and policy uncertainties
The Fed is anticipated to hold its benchmark overnight rate steady in the 4.25 per cent-4.50 per cent range at its meeting later this month, but investors had expected the pause to last June
Market participants expect the benchmark yield to open around 6.85 per cent on Tuesday
RBI Governor Shaktikanta Das said last week that food price volatility remains a concern
"I believe that greater economic stability as a result of securing room for monetary policy responses will have significant positive effect on firms as they formulate their business plans," Ueda said
RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation
Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report
Turkey sharply raised the country's inflation forecast for 2022 to 65 per cent, up from 9.8 per cent predicted one year ago, according to a government program published in the Official Gazette
India is facing the external pressures of higher commodity prices, US dollar dominance, and tightening financial conditions from a position of relative strength: S&P
Powell is doubling down on the US central bank's new policy framework
The sustained food disinflation is likely having a salutary impact on expectations