Page 9 - Monetary Policy

Expanding RBI's toolkit

Machine learning can improve inflation forecasting

Picture of resilience: RBI raises GDP growth forecast to 7% for FY24

MPC holds repo rate at 6.5% but maintains tight stance as inflation remains a concern

Monetary policy review: Reversal of SDF, MSF on weekends from Dec 30

Market analysts said that the RBI's persistent focus on addressing the uneven distribution of liquidity in the banking system led them to the adoption of measure

RBI to establish cloud facility for financial sector to secure data privacy

Focusing on digital banking, the RBI announced a regulatory framework for web-aggregation of loan products and proposed the establishment of a fintech repository by April 2024

RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

RBI monetary policy announcement: When, where to watch and what to expect?

RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8

Moody's issues negative outlook for banks with tightening monetary policies

Central banks' restrictive monetary measures may impact GDP growth and amplify challenges for global banks in 2024, warns Moody's

MPC likely to hold repo rate for fifth time in a row, shows BS poll

Likely to revise FY24 growth forecast upward

Fed to move 'carefully' on rates, 'soft landing' taking shape: Powell

Powell and Fed Governor Lisa Cook, who earned her bachelor's degree at Spelman College, were scheduled to participate in a roundtable discussion with local entrepreneurs later on Friday

Songs, cricket metaphors: RBI governor's way of conveying complex issues

Das has often cited the example of Arjuna's eye to communicate that the central bank is completely focused on bringing down inflation

Global woes pull net foreign direct investment down 77% in H1, shows data

The moderation in flows was majorly witnessed in communication services, retail and wholesale trade, and manufacturing sectors

Monetary Transmission via NBFCs strong but impact delays: RBI CAFRAL report

NBFCs tend to mute monetary transmission in the short run but amplify it in the long run

Transparent policy anchored inflation expectations in Covid times: BIS

Further, exchange rate intervention also helped anchor expectations and facilitated the overarching objective of maintaining macroeconomic stability and market confidence

RBI Governor Shaktikanta Das cautions against large supply shocks

External member Goyal says increase risk weight, LTV rather interest rates to restrain over-enthusiasm

Monetary policy must remain extra alert to ensure economic stability: MPC

Monetary policy has to remain extra alert to be ready to act as and when warranted to preserve the hard earned macroeconomic stability, Reserve Bank Governor Shaktikanta Das has said. The fundamental goal of the monetary policy is to align inflation with the 4 per cent target and anchor inflation expectations, Das said, according to the minutes of the six-member Monetary Policy Committee (MPC) released by the RBI on Friday. The MPC in its last meeting earlier in the month, decided to keep the benchmark lending rate at 6.5 per cent, for the fourth time in a row, in a bid to keep retail inflation under check. "Monetary policy has to remain extra alert and ready to act, if the situation warrants. The hard earned macroeconomic stability has to be preserved," Das said while voting to keep the benchmark lending rate unchanged at 6.5 per cent along with five other members of the MPC. Das had cautioned that recurring incidences of large and overlapping supply side shocks bring with them th

Monetary policy ought to remain actively disinflationary: RBI Governor Das

Reserve Bank Governor Shaktikanta Das on Friday stressed that the monetary policy must remain actively disinflationary to ensure that the decline in inflation from its peak of 7.44 per cent in July continues smoothly. Addressing the Kautilya Economic Conclave 2023, he also said price stability and financial stability complement each other and it has been an endeavour at RBI to manage both efficiently. Retail inflation declined to a three-month low of 5.02 per cent annually in September on account of moderation in vegetables and fuel prices, and was back within the Reserve Bank's comfort level. The inflation based on Consumer Price Index (CPI) was 6.83 per cent in August and 7.41 per cent in September 2022. In July, inflation touched a peak of 7.44 per cent. The Reserve Bank has raised the key policy rate (repo) by 250 basis points since May 2022 to tame inflation. However, it pressed the pause button on rate hike in February this year. "We have maintained a pause on policy rate. S

Inflation expectations moderate in September 2023, says RBI survey

The results of the September 2023 round of its bi-monthly survey were released alongside the monetary policy review

Weekend Bites: RBI kills one bird with one stone, future of 50-over cricket

In which we munch over the week's platter of news and views

Monetary policy: RBI flags financial stability risks from unsecured loans

Outlier growth in the retail unsecured loan segment prompted the RBI to flag the risks that can arise to financial stability, the Reserve Bank said on Friday. Comments by Governor Shaktikanta Das while announcing the bi-monthly monetary policy review are just an advisory and the central bank is not announcing any macroprudential measures at this point of time, Deputy Governor J Swaminathan said. "We would expect, as the first layer of defence, the banks, NBFCs and fintechs, to take appropriate internal controls," he said, warning that the RBI will "examine" the aspect if it does not see action on it. Earlier in the day, Das said certain components of personal loans are recording very high growth and the RBI is closely monitoring the same for any signs of incipient stress. "Banks and NBFCs would be well advised to strengthen their internal surveillance mechanisms, address the build-up of risks, if any, and institute suitable safeguards in their own interest," he added. There had ..

RBI MPC LIVE: Original aim of Rs 2000 note withdrawal largely met, says Das

RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here