Page 30 - Monetary Policy Committee

CPI-based inflation above MPC comfort range for fourth straight month

Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June

Wanted: An MPC with more power and 'flexibility'

The members can come from diverse backgrounds such as finance, labour and economics, and must have a say in the entire interest-rate architecture

RBI's right call

Policy rate pause and debt recast window make sense

A non-monetary policy, par for the course

Rate cut off the table for now; focus is on other measures to ease stress in system

RBI policy likely to address the issue of financial stability: Expert

The issue of financial stability in monetary policy has always been an unsettled issue, ever since the global financial crisis

Flagging recovery

Another rate cut will not help at this point

Incentivising credit flows will be focus of RBI monetary policy: Expert

Reserve Bank of India's surveys of various economic indicators will be key inputs - specifically household inflation expectations - into the actual rate decision

Statsguru: Inflation to bond yields, key data ahead of MPC meeting

While the economy battling with the pandemic shock needs support, inflation continues to remain above the central bank's target band

RBI's MPC to meet next week to decide on policies for reviving growth

The MPC, headed by RBI Governor, is scheduled to meet for three days beginning August 4 and announce its decision on August 6

Govt to come out with list of strategic sectors soon: FM Sitharaman

She said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector

RBI likely to leave repo rate unchanged in August policy meet: Report

The Monetary Policy Committee (MPC), headed by the RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6

Policy prudence

RBI should guard against risks to financial stability

RBI may go for further 25 bps rate cut in August policy meeting: Experts

The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4

M K Saggar to take over as ED in charge of RBI's monetary policy dept

This will also mean that Saggar will be included the six-member monetary policy committee (MPC) as an internal RBI member.

Data deficiency

Quality of numbers could affect economic policy response

MPC members see Covid-19 lockdown dealing a multi-year hit to economy

Demand impact will continue to weigh heavily on economic activity for some time, says Shaktikanta Das, but is optimistic about rural economy due to good farm harvest

Limited impact

Interest rate reduction may not push credit offtake

Last rate cut for now but there're more bullets in RBI's chamber

Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.

RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%

RBI extends the moratorium on loan repayments by three more months

Data deficiency

MPC will have to work with an incomplete inflation picture