Page 33 - Monetary Policy Committee

Despite RBI's accommodative stance, analysts expect long pause on rate cuts

All these analysts agree that a rate cut is on the table but are not the same page on the timing though

Can't cut rates mechanically every time: RBI Governor Shaktikanta Das

'We expect a gradual recovery in income growth right into the second half of next year', said Das

Growth takes a back seat: RBI sharply cuts GDP forecast to 5% from 6.1%

Says forces driving up inflation 'appear to be transient'

RBI's monetary policy spells more trouble for India Inc's earnings

In the absence of near-term government stimulus, markets may remain range-bound until Budget

RBI among 26 global central banks that have been on a rate cutting spree

With the RBI's rate-setting meeting over, the attention now turns to the US Federal Reserve's (US Fed's) two-day policy meet that begins on December 11

RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 5.15% and reverse repo rate at 4.90%

Explained: Why RBI's repo rate cuts are not enough to bolster GDP growth

Transmission of rate cuts by banks has been slow because any lowering of interest rate, with deposit rates unchanged, will reduce banks' net interest income spread, affecting their revenue

RBI MPC begins deliberations on monetary policy, another rate cut expected

If the Reserve Bank of India (RBI) cuts the repo rate on Thursday, it would be the sixth reduction in the short-term lending rate in 2019

The monetary dilemma

Effectiveness of the policy needs to be questioned

Monetary policy that stabilises

When expected inflation drops, the policy rate should drop even more

RBI's Dec policy move could turn real interest rate negative: Economists

Even as market rates have fully reflected the rate cuts, companies are not necessarily in the mood for borrowing, as they face a slump in consumption demand and investment in the country

What should monetary policy do?

The recent inflation data is not a serious problem for the Monetary Policy Committee

MPC minutes: Members were concerned about growth, rate transmission

Minutes of meetings show maintaining the 'accommodative' stance was the Reserve Bank governor's idea

An appropriate call

Significant fiscal slippage could affect monetary policy

RBI monetary policy: Wider output gap drives fifth consecutive rate cut

Although the transmission of monetary easing undertaken so far has been staggered and incomplete, it is expected to improve going forward.

From GDP growth revision to NEFT availability: Key highlights of RBI Policy

Citing geo-political uncertainties and elevated food prices, the RBI revised inflation projection upward to 3.4 per cent for Q2FY20, while projections were retained at 3.5-3.7 per cent for H2FY20

The monetary conundrum

Decisions from here on will need to be more considered

Core sector output worst in 52 months; MPC may cut rates to prop up growth

The core sector growth stood at 2.4 per cent during the first five months of the current financial year, lower than the 5.7 per cent a year ago

Break with convention

There are limits to what monetary policy can achieve

RBI policy review: SBI cuts loan rates by 15 bps, others likely to follow

SBI reduced its marginal cost of funds-based lending rate from 8.4% to 8.25%