Page 8 - Monetary Policy

'No change in RBI's stance on underlying exposure to forex derivatives'

The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"

Best of BS Opinion: Monetary policy path, containing disinformation & more

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

Inflation still high and focus on minimising risk, says RBI report

Indicates 'significant per capita income shifts' underway

Let's get real about rates

Given myriad cross currents across inflation, growth and financial stability, monetary policy in 2024 will have to cross the river by feeling the stones

Fitch upgrades Turkey's sovereign rating to B+ on tighter monetary policies

"Upgrade reflects increased confidence in the durability and effectiveness of policies implemented since the pivot in June 2023," Fitch said

Battle for short term money likely to turn more intense in March

Mobilisation of funds via certificates of deposit increased 3x in February

US Fed's Jerome Powell to double down on 'no rush to cut' message

They're expected to press the Fed chief on why officials are keeping borrowing costs so high, risking damage to the economy, when they've made so much progress on inflation

India inflation likely cooled to 3-month low in January, shows survey

Inflation will average 5.4% this fiscal year and 4.7% in the next, a separate Reuters poll showed, close to the RBI's forecasts of 5.4% and 4.5%

Monetary policy: RBI dashes early rate-cut hopes, maintains status quo

RBI says lending rates not hiked enough

RBI policy: Stance in terms of rates, transmission incomplete, says Das

Das had clarified the RBI would try to keep liquidity at a level wherein the overnight call rate, the operating target of the monetary policy, remained around the repo rate

Govt bonds reverse gains after monetary policy committee outcome

RBI to conduct 14-day variable rate repo auction on Friday

RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%

RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged

RBI keeps repo rate unchanged at 6.5%: What should borrowers do?

Home loan rates are already lower compared to 2023 levels where they had started touching 9 per cent. The lowest home loan rates today are in the 8.30 range

RBI MPC today: When, where to watch address of Guv Das and what to expect

RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday

RBI's liquidity drain signals tight cash conditions may stay: Economists

'April policy would be a better time to take a fresh view on liquidity situation for FY25'

Run-up to MPC meeting: 'Time not ripe to signal monetary policy reversal'

Domestically, growth, especially in non-agricultural segments, is holding firm amid improved macro-financial stability

Macro balancing act in 2024

The imperatives for 2024 are more nuanced: Nurturing recovery while ensuring public debt is stabilised and financial exuberance contained

China cuts reserve requirements for bank to help boost its slowing economy

China's central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy. The announcement by the People's Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong's benchmark jumping 3.6%. Central bank Gov. Pan Gongsheng said the deposit reserve requirement would be cut by 0.5% as of Feb. 5. Pan said that would inject about 1 trillion yuan ($141 billion) into the economy. He told reporters in Beijing that the central bank also soon plans to issue a policy on lending to property developers to help support the industry.

Food inflation can potentially impact headline: RBI monthly bulletin

Widely regarded as transient, these shocks appear to have imparted volatility and persistence to food inflation which averaged 6.7 per cent during April 2022 to November 2023, it said

Monetary policy has to remain actively disinflationary: Shaktikanta Das

Das said he expects January inflation to moderate and the trend has been moderating but unless inflation reaches 4 per cent on a durable basis