Page 14 - Monetary Policy

RBI imposes penalty of Rs 13.9 lakh on Mynd Solutions for non-compliance

Non-promoter shareholding in the company exceeded the 10% ceiling prescribed for TReDS operators

Monetary policy making: 2022 was year of reset, 2023 could be a long pause

25 bps raise likely in Feb, before RBI hits status quo button, feel experts

Reducing core inflation key to easing prices: MPC member Shashanka Bhide

Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November

Pent-up demand, infra spend drove growth amid global headwinds: FinMin

In its latest Monthly Economic Review, the Ministry said global economic developments remain complicated in November, and that fiscal and monetary policymakers need to remain vigilant

Fear of sustained aggressive monetary policy by US Fed rattles investors

Both Sensex and Nifty post biggest losses since Sept 26 as Covid cases in China, oil price spike worsen sentiment

Best of BS Opinion: Covid's China syndrome, hedging risks, and more

Here is the best of Business Standard's opinion pieces for today

India to face export shocks from global recession: BFSI economists' panel

While two of the eminent panelists - Ghosh and Nayar - said they expect a pause in the monetary cycle by the MPC, Chakraborty, Sagar, and Kapoor said the MPC could still hike by 25-50 basis points

Bank of Japan maintains key rates, widens range of long-term govt bonds

Bank of Japan has decided to adjust its yields on 10-year govt bonds in a policy move to address mounting costs connected to its long-standing monetary easing measures

WPI inflation eases to 21-month low as pricing pressure softens in November

Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%

RBI policy: Here is why the central bank needs to stop raising rates

RBI, following conventional wisdom, is guilty of wanting to show that it's doing something to bring down inflation while perhaps helping worsen it by slowing down efforts to increase capacity, output

More to come

Containing inflation remains a challenge

Little scope for RBI to take its foot off the gas

The RBI need not match the Fed one-to-one but there seems little scope to take its foot off the gas

RBI MPC meet LIVE: No difference between paper currency and CBDC, says Das

Catch all the latest updates on the RBI's bi-monthly monetary policy announcement today

Cooling prices give Reserve Bank of India space to slow interest-rate hikes

Das will announce the rate decision through a webcast at 10 am in Mumbai on Wednesday, and will address a press conference at 12 pm.

Don't take foot off pedal

RBI should note that inflation still menaces the economy

Moderate the pace of its monetary tightening: India Inc to RBI

With rising global risk aversion adversely impacting foreign capital inflows, the industry body stated that it poses challenges for financing India's current account deficit

Hike interest rates by 25-35 basis points in Dec: Economists to RBI

The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7

Monetary policy faces severe information constraints: RBI DG Patra

The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra

Lagged data, frequent reviews make monetary policy's task tough: RBI Dy Guv

Reserve Bank Deputy Governor Michael Patra on Thursday said formulating monetary policy is a challenging task in a volatile environment like the current one, given lagged data inputs, which are also frequently reviewed. Patra said that next week, the deliberations will be starting for the next policy review to be announced in the first week of December and will have to depend on inflation data for October and growth data for July-September coming out on November 30. "Monetary policy has to be forward-looking, and that is because when the policy rate is changed, it takes quite a while before it reaches lending rates and aggregate demand in the economy. Hence, we can only target future inflation, not yesterday's," Patra said in a speech at the annual SBI conclave. "On the basis of one month ago and three month ago data, I will have to assess what is inflation and growth going to be one year down the line," he added. Patra, who oversees the important monetary policy function at the ..

Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern

Concerned over deposit growth lagging high credit offtake; seeks views on collection, IT infra, DBUs