Page 10 - Monetary Policy

RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements

RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row

RBI expected to retain 6.5% benchmark rate in monetary policy, say experts

The RBI is expected to retain the benchmark rate of 6.5 per cent in its latest bi-monthly monetary policy review, amid inflation concerns and other global factors, experts said. RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday, and the policy review will be announced on Friday morning. I think that between the last MPC meeting in August and this time, inflation has gone up, growth remains strong while global factors have turned a little adverse in the sense that the US Federal Reserve is still aggressive in its stance, which has led to hardening of yields. In this situation, the central bank is expected to maintain a status quo on policy rates in the ensuing policy, Crisil Chief Economist D Joshi told PTI. He said the RBI would focus more on inflation given that growth is strong right now, adding oil price movements need to be watched carefully, too. "We believe that the interest rates will be on the higher side, which .

RBI expected to hold rates steady on Friday but striking hawkish tone

Annual retail inflation in August was 6.83%, easing from 7.44% in July -- a 15-month high -- but remained well above the central bank's 2%-6% comfort band

Bank of Japan keeps ultra-loose policy, dovish guidance; yen skids

The BOJ's decision contrasts with those of U.S. and European central banks, which in recent meetings have signalled their resolve to keep borrowing costs high to rein in inflation

Monetary policy, rate transmission are asymmetric, says SBI report

In comparison, the shorter tenure - 3-year AAA corporate bond has seen a 31 basis points decline in spread as the market is unlikely to have factored in adequate risk premium

RBI must ensure there's no spillover from surging food prices: MPC members

The central bank is targeting to keep inflation between 2% and 6% but the consumer price index accelerated by 7.44% last month

Second round of food price shocks? MPC members in wait-and-watch mode

Das says RBI remains committed to aligning inflation with 4% target

RBI MPC: Repo rate decision by Governor Das today; here's what to expect

RBI policy meet: The meeting started on Tuesday and will end with RBI governor Shaktikanta Das announcing the rates in the policy announcement on Thursday

RBI may tighten cash conditions, but it's unlikely to hike CRR: Traders

The banking system liquidity surplus has averaged around Rs 2.5 trillion ($30.19 billion) in August, up from Rs 1.6 trillion in July

RBI likely to maintain status quo in upcoming monetary policy: SBI Chairman

CPI inflation can be perceived as an aberration

6.5% is below our potential or desirable rate of growth: Ashima Goyal

'The real repo rate is still in an acceptable band around one'

Expect real repo rate to stay elevated for a while: MPC external member

In a Q&A, Jayanth Varma says while GDP growth may even surpass the forecast rate, he still thinks growth is fragile due to several factors

Federal Reserve holds rates steady, sees two small hikes by end of year

Further rate increases would take into account cumulative tightening of monetary policy, lags with which policy affects economic activity, inflation, and economic and financial developments, it said

Monetary policy: Global and local

Responding to fresh difficulties in an interconnected world

RBI monetary policy review: Focus back on primary target; inflation at 4%

The six-member monetary policy committee unanimously decided to keep the policy repo rate at 6.5 per cent

RBI monetary policy: Repo rate unchanged, what do experts say about it?

RBI repo rate: RBI governor Shaktikanta Das said that the MPC decided unanimously to keep the benchmark rate unchanged at 6.5 per cent

RBI Policy: Repo rate unchanged at 6.5%, RBI cuts FY24 inflation projection

RBI Monetary Policy: The rate-setting committee decided to continue with its stance of 'withdrawal of accommodation'

RBI policy 2023: A look at the existing repo rate, trends and other figures

RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am

RBI monetary policy committee begins deliberations on finalising key rates

The Reserve Bank of India's rate-setting monetary policy committee (MPC) on Tuesday began its three-day long deliberations on deciding the key repo rates

RBI's balance sheet grows 2.5% to Rs 63.45 trn in FY23 on higher income

The size of the Reserve Bank's balance sheet increased by 2.5 per cent for the year ended on March 31 to about Rs 63.45 lakh crore on higher income, as per the central bank's annual report released on Tuesday. The balance sheet of the RBI plays a critical role in the functioning of the country's economy, largely reflecting the activities carried out in pursuance of its currency issue function as well as monetary policy and reserve management objectives. "The size of the balance sheet increased by Rs 1,54,453.97 crore, i.e., 2.50 per cent from Rs 61,90,302.27 crore as on March 31, 2022 to Rs 63,44,756.24 crore as on March 31, 2023," the report said. While income for the year increased by 47.06 per cent, the expenditure increased by 14.05 per cent. The year ended with an overall surplus of Rs 87,416.22 crore as against Rs 30,307.45 crore in the previous year, resulting in an increase of 188.43 per cent. The RBI transfers the surplus as dividend to the central government. "The incre