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MPC

'Every silver lining has a cloud': RBI as veg price rise halts disinflation

Move towards 4% target should provide signal for monetary policy to respond

'Every silver lining has a cloud': RBI as veg price rise halts disinflation
Updated On : 18 Jul 2024 | 11:41 PM IST

Economy poised for potentially stable high growth phase: RBI's MPC member

Indian economy is poised for potentially a stable high growth phase and it is also in a strong position in the context of significant risks that the country is facing, RBI's monetary policy committee member Shashanka Bhide said on Sunday. Bhide further said with the growth of income that would support domestic demand and additions to production or supply capacity reflected by high levels of investment spending in the last couple of years, domestic economic activity is expected to sustain its momentum. "In terms of growth momentum and inflation trajectories Indian economy is poised for potentially a stable high growth phase. "It is also in a strong position in the context of significant risks that are also facing us," he told PTI. The current official estimate of GDP growth in 2023-24 is 8.2 per cent, accelerating from 7 per cent in the preceding year. Earlier this month, the Reserve Bank of India pegged the GDP growth rate for FY25 at 7.2 per cent. Bhide noted that the monsoon ..

Economy poised for potentially stable high growth phase: RBI's MPC member
Updated On : 30 Jun 2024 | 12:09 PM IST

Policymakers at Reserve Bank remain divided over rate-growth debate

The split in the views show a widening gap between the external and internal members on how to balance economic growth and inflation

Policymakers at Reserve Bank remain divided over rate-growth debate
Updated On : 25 Jun 2024 | 9:18 AM IST

RBI will act only if inflation stays put at 4%, says Governor Das

Governor Shaktikanta Das on Friday said the Reserve Bank of India (RBI) may consider "further policy actions" only if it is confident of headline inflation staying put at 4 per cent. He said it is the central bank's core objective to align the inflation rate with the 4 per cent target, and added that no action on rates will be possible till the RBI is confident of it remaining at or below 4 per cent. Speaking to reporters at the customary interaction after choosing a status quo in rates for the eighth consecutive time, Das said as per the RBI's projections, consumer price inflation is coming at 3.8 per cent in the December quarter, but rising again later to touch 5 per cent. "It (inflation) has to align with the target and once it reaches 4 per cent, it has to stay there. When we will get confidence that this will stay at 4 per cent and will not go up, then we will think about further monetary policy actions," Das said. He was replying a specific question on when to expect a rate c

RBI will act only if inflation stays put at 4%, says Governor Das
Updated On : 07 Jun 2024 | 4:38 PM IST

RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor

RBI MPC Meeting highlights: RBI Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% for the eight consecutive time and will continue with its stance of 'withdrawal of accommodation.'

RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor
Updated On : 07 Jun 2024 | 2:35 PM IST

Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC

The decision to maintain the repo rate and raise the GDP forecast was made during the Monetary Policy Committee meeting held between June 5 and June 7

Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC
Updated On : 07 Jun 2024 | 11:55 AM IST

RBI Policy: What are the expectations from first MPC meet after elections?

Following the outcome of the Lok Sabha Elections, concerns have escalated over a potential deceleration in fiscal consolidation coupled with amplified welfare spending

RBI Policy: What are the expectations from first MPC meet after elections?
Updated On : 06 Jun 2024 | 2:28 PM IST

LS poll result, RBI interest rate decision key events to watch this week

Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4. "All eyes are now on the most significant event of the past five years the outcome of the Lok Sabha elections, scheduled for Tuesday. Before that, market participants will react to the exit polls on Monday. "The market is approaching the event with caution, and the positive surprise from exit polls can lead to a rally as majority of the exit polls are giving 350+ seats to the NDA. Conversely, a negative surprise from actual results might trigger a knee-jerk reaction in the market,

LS poll result, RBI interest rate decision key events to watch this week
Updated On : 02 Jun 2024 | 12:11 PM IST

RBI liquidity operations to match monetary policy stance: Annual report

Central bank says it uses 'judicious mix' of instruments to regulate liquidity

RBI liquidity operations to match monetary policy stance: Annual report
Updated On : 31 May 2024 | 1:12 AM IST

Goldman Sachs ups India 2024 GDP forecast to 6.7%; sees RBI rate cut in Q4

RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India

Goldman Sachs ups India 2024 GDP forecast to 6.7%; sees RBI rate cut in Q4
Updated On : 27 May 2024 | 6:15 PM IST

Economists push out RBI's interest rate cut forecasts to end of year

The RBI may start cutting its benchmark repurchase rate, currently at 6.5 per cent, by a total of 50 basis points in the October-December period before pausing for a few months

Economists push out RBI's interest rate cut forecasts to end of year
Updated On : 02 May 2024 | 12:12 PM IST

Unemployment among Indian youth is transient, says RBI MPC member Goyal

Unemployment is highest for younger age brackets, but it is 'transient' as Indian youths spend more time acquiring skills and trying hands at entrepreneurship, RBI Monetary Policy Committee (MPC) member Ashima Goyal has said. There is steady improvement in job creation in the country with the strong growth recovery, Goyal added. "Youth unemployment is higher for the more qualified, but they also earn higher wages. "Therefore, youths are spending more time acquiring skills and in job search," she told PTI. Goyal was responding to a question on the International Labour Organization (ILO) report -- which showed that in 2022, the share of unemployed youths in India's total unemployed population was nearly 83 per cent. "Unemployment is highest for younger age brackets but it is transient...While they wait, they do informal work or take risks at entrepreneurship, where a few do very well," she added. Goyal pointed out that the ILO report also shows that youth unemployment has been fal

Unemployment among Indian youth is transient, says RBI MPC member Goyal
Updated On : 28 Apr 2024 | 11:55 AM IST

Sustained growth of 7% feasible for India: RBI MPC member Shashanka Bhide

Sustaining the economic growth momentum of 7 per cent in 2024-25 and beyond is feasible on the back of favorable monsoon, higher farm productivity and improved global trade, RBI Monetary Policy Committee (MPC) member Shashanka Bhide said on Monday. During 2023-24, the economy is likely to record a growth rate of near 8 per cent on account of good performance of manufacturing and infrastructure sectors. "(India's economic) Growth in the current year is likely to be supported by agriculture with a favourable monsoon and improved global trade. Sustaining the growth momentum of 7 per cent seems feasible," he told PTI. Bhide further said that in the long-term, the need for productivity improvements will remain the key factor to achieve food price stability. Asked what are some of the headwinds he is wary of, Bhide said one area of concern is the global environment. "The slow pace of recovery in global demand on one hand and supply chain disruptions on the other hand... if the ongoing .

Sustained growth of 7% feasible for India: RBI MPC member Shashanka Bhide
Updated On : 22 Apr 2024 | 2:59 PM IST

India needs rate cuts to reach potential growth: MPC members Varma, Goyal

Earlier this month, the MPC kept the lending rate steady at 6.5 per cent for the seventh meeting in a row after having raised it by a total of 250 basis points between May 2022 and February 2023

India needs rate cuts to reach potential growth: MPC members Varma, Goyal
Updated On : 22 Apr 2024 | 11:59 AM IST

Need to preserve success on inflation control on durable basis: Das at MPC

The Reserve Bank on Friday released the minutes of the Monetary Policy Committee (MPC) meeting on Friday

Need to preserve success on inflation control on durable basis: Das at MPC
Updated On : 19 Apr 2024 | 8:02 PM IST

RBI's MPC decision shows resolve to ensure price stability, say experts

As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time

RBI's MPC decision shows resolve to ensure price stability, say experts
Updated On : 05 Apr 2024 | 7:56 PM IST

RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady

Inflation 'elephant has left the room and it appears to be on its way to the forest,' says RBI governor Shaktikanta Das

RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady
Updated On : 05 Apr 2024 | 12:38 PM IST

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time

The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time
Updated On : 05 Apr 2024 | 10:34 AM IST

RBI MPC: India's early rate-cut hopes dim as inflation threat lingers

The Reserve Bank of India will likely keep its benchmark repurchase rate at 6.5 per cent for a seventh straight policy meeting, according to all 38 economists surveyed by Bloomberg

RBI MPC: India's early rate-cut hopes dim as inflation threat lingers
Updated On : 04 Apr 2024 | 9:19 AM IST

'Goldilocks' economy to prompt RBI to keep rates on hold: Economists

As India heads into a general election this month, the economy is growing faster than expected amid signs prices are trending lower though food inflation remains a risk

'Goldilocks' economy to prompt RBI to keep rates on hold: Economists
Updated On : 03 Apr 2024 | 2:03 PM IST