Page 19 - Monetary Policy Committee

Liquidity withdrawal expected as RBI set to hikes rates on Wednesday

RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth

Most economists see 50-bp repo rate hike: Business Standard policy poll

FY23 inflation projection may go above 6%; liquidity steps anticipated

After the rate hike

Policy will depend on RBI's inflation projection

India's retail inflation may be at 5.7-6.9% in FY23, say economists

This is after duty cuts on fuel; 25-50 bps repo rate hike likely in the MPC meet next week

Don't expect CRR hike in next RBI policy review, says SBI chairman

Loan growth could be better than in previous fiscal

How RBI missed the inflation surge

The RBI did most of the heavy-lifting in the initial phase of the pandemic but was slow in unwinding the policy accommodation as economic reality changed

From balancing growth to inflation, WEF focused on challenges for economies

In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy

No plan to change govt's FY23 borrowing target despite revenue hit: Source

No compromise on capex; consolidated fund to be used if needed, the source said

Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts

Economists expect 40-50 bps hike in repo rate by MPC next month

A 'no-brainer': RBI governor Shaktikanta Das on expected rate hike in June

Says have entered another phase of 'coordinated action' between fiscal and monetary authorities

Limited impact

Tax cuts will not lower inflation significantly

'RBI rate hike was moderate as CRR was also raised': Ashima Goyal

Monetary policy committee says decision to cut repo rate was at the correct time.

MPC members argued for front-loading rate hikes in view of inflation

External member Jayanth Varma said 100 bps rate hike required 'very soon'

Central banks and the rule of law

In a constitutional democracy, the RBI is bound by the law to focus on its core mandate

RBI likely to hike rates by 75 bps by August, say SBI economists

The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events

Vehicle fuel prices responsible for around 30% of April inflation spurt

The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month

RBI not 'behind the curve' in hiking rate, says MPC member Ashima Goyal

While noting that Inflation has just exceeded RBI's tolerance band due to the protracted Ukraine-Russia war, Goyal said Indian demand and wages are 'soft'

RBI appoints Sitikantha Pattanaik and Rajiv Ranjan as executive directors

Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC)

HDFC Bank, Canara Bank, Indian Overseas Bank others raise lending rates

HDFC Bank hiked marginal cost of funds based lending rate (MCLR) by 25 bps across all tenures up to 7.7 per cent, effective May 7

RBI falls in line with global central banks

Another rate hike in June is on the cards. The question is: How much? Could it be 75 bps at one go or staggered over the next two meetings?