Page 11 - Monetary Policy

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

Cumulative impact of monetary policy actions still unfolding: RBI guv Das

RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday. Das, along with the five other members of the Monetary Policy Committee, voted for a pause in rate hike earlier this month. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month. The cumulative rate hike since May 2022 is 250 basis points. "The cumulative impact of our monetary policy actions over the last one year is still unfolding and needs to be monitored closely," Das said during the last Monetary Policy Committee (MPC) meeting held during April 3-6. Inflation for 2023-24 is projected to soften, but the disinflation towards the target is likely to be slow and protracted. The projected ...

Pause now, lower later: Rate cuts may start this year, say economists

RBI projection on GDP growth optimistic, say analysts

Reducing inflation without raising interest rates

It is unfortunate that many see monetary policy and interest rate policy as synonyms. They are not

Home loan rates over Rs 75 lakh to get dearer as risk weight rises again

Risk weight back to pre-pandemic level of 50%

Industry associations welcome RBI decision to pause interest rates

After six consecutive hikes aggregating 250 bps, RBI hits a pause

This is a pause, not a pivot, says RBI guv on surprise hold in key rates

Reserve Bank Governor Shaktikanta Das on Thursday made it clear that the decision to hold rates should be seen as a pause, and not as a pivot. The rate-setting Monetary Policy Committee (MPC) will act on the rates as and when necessary, Das said. "If I have to characterise today's monetary policy in just one line...it's a pause, not a pivot," Das told reporters in the customary interaction with reporters after the announcement of the policy review. Earlier in the day, the six-member MPC voted unanimously to keep the repurchase or repo rate unchanged at 6.50 per cent, surprising analysts who were expecting the central bank to make a final 25 basis points hike before opting to pause. Das said RBI is keen to assess the cumulative impact of the rate actions done till now. There has been a cumulative hike of 250 basis points since May 2022. Deputy Governor Michael Patra said RBI has marginally upped its FY24 growth estimate to 6.5 per cent primarily on assumption of a decline in the ..

RBI likely to hike rates by 25 basis points next week, says economist

RBI has raised the policy rate by 250 bps since May 2022 to 6.5%, making it the most aggressive policy tightening cycle in a decade

RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts

The two key factors which the committee will deliberate intensely while firming up the next monetary policy are elevated retail inflation

Present CPI aggregation method raises issues for monetary policy: RBI paper

Rebasing CPI necessary to make index relevant to present consumption patterns

Inflation-growth dynamics may enhance dilemma of monetary policy committee

Many believe that the committee may go for another 25 basis point hike in repo at the April policy

India's steadying economy shows early signs of weakening consumption

Economic expansion may be under pressure as the "full-blown impact" of the Reserve Bank of India's 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the

Change in monetary policy, rural revival can lift equities: Union AMC CEO

Systematic investment plan inflows are the cornerstone for the mutual fund industry's growth, he says

A suggestion to the IMF on inflation

Standard policies towards inflation have not helped. It is important to think out of the box

India is no longer a crazily expensive market, says Jefferies MD Nandurkar

"Indian equities should catch up with global peers with a good probability of outperformance in the second half of this year"