Business Standard

Mpc Minutes

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

RBI press conference LIVE: It is supervisory action on Paytm, says Guv Das

RBI MPC Meeting Live Updates: RBI's MPC which began on February 6 has concluded today. The Central bank's MPC has decided to keep the repo rate unchanged at 6.5%. Catch all updates here

RBI press conference LIVE: It is supervisory action on Paytm, says Guv Das
Updated On : 08 Feb 2024 | 1:22 PM IST

RBI's MPC to closely monitor food price spike to gauge inflation impact

The MPC, which has three members from the central bank and three external members, kept the repo rate unchanged at 6.50% in an unanimous decision

RBI's MPC to closely monitor food price spike to gauge inflation impact
Updated On : 24 Aug 2023 | 8:39 PM IST

T-bills demand softer than previous week on caution ahead of MPC outcome

Meanwhile, government bond yields inched up slightly, tracking a rise in US Treasury yields

T-bills demand softer than previous week on caution ahead of MPC outcome
Updated On : 09 Aug 2023 | 6:55 PM IST

RBI governor Das says job half done as MPC focuses on 4% inflation target

External members, however, point out high real rate, minutes show

RBI governor Das says job half done as MPC focuses on 4% inflation target
Updated On : 22 Jun 2023 | 8:14 PM IST

Global uncertainty complicates fight against inflation: RBI Dy Governor

The continuing global uncertainity has complicated the fight against inflation, opined Reserve Bank Deputy Governor Michael Debabrata Patra during the Monetary Policy Committee meeting held on February 8. According to the minutes of the MPC meeting released on Wednesday, RBI Governor Shaktikanta Das also mentioned that there is considerable uncertainty due to a host of global factors such as rising non-oil commodity prices. The RBI on February 8 hiked the key short-term lending rate by 25 basis points to 6.5 per cent, citing sticky core inflation. It was the sixth interest rate hike by the Reserve Bank of India (RBI) since May last year, taking the total quantum of increase to 250 basis points. "The fight against inflation is complicated by the global outlook. There is some consensus growing around a milder slowdown than earlier feared, although geographical disparities complicate the prognosis. Be that as it may, the outlook for global inflation is turning more uncertain than ...

Global uncertainty complicates fight against inflation: RBI Dy Governor
Updated On : 22 Feb 2023 | 6:24 PM IST

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

India to face export shocks from global recession: BFSI economists' panel
Updated On : 21 Dec 2022 | 11:42 PM IST

MPC members voice different views on interest rate and stance: RBI minutes

Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over

MPC members voice different views on interest rate and stance: RBI minutes
Updated On : 21 Dec 2022 | 8:44 PM IST

RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes

MPC minutes show Das saying that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive

RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes
Updated On : 21 Dec 2022 | 6:45 PM IST

Bond yields ease as MPC minutes hint at slower interest rate hikes

1-year bond yield logs the sharpest fall in two-and-a-half months

Bond yields ease as MPC minutes hint at slower interest rate hikes
Updated On : 17 Oct 2022 | 11:34 PM IST

Sharp differences among MPC members on future interest rate hikes

The next review of the monetary policy committee is scheduled on December 5-7

Sharp differences among MPC members on future interest rate hikes
Updated On : 14 Oct 2022 | 11:01 PM IST

RBI's repo rate hike was necessary to combat inflation risks: MPC minutes

The MPC is of the view that further calibrated monetary policy action is warranted to keep inflation expectations anchored

RBI's repo rate hike was necessary to combat inflation risks: MPC minutes
Updated On : 14 Oct 2022 | 5:51 PM IST

Worst of inflation may be behind us, RBI staff say in July 2022 Bulletin

According to the July Bulletin article, the current level of reserves were equivalent to 9.5 months of imports projected for 2022-23

Worst of inflation may be behind us, RBI staff say in July 2022 Bulletin
Updated On : 16 Jul 2022 | 11:16 PM IST

Don't think today's situation calls for negative real rates: Jayanth Varma

Either inflation has to come down on its own or we will have to raise the rate, or it will be a combination of the two, says MPC member Varma

Don't think today's situation calls for negative real rates: Jayanth Varma
Updated On : 01 Jul 2022 | 1:28 AM IST
Updated On : 22 Jun 2022 | 6:22 PM IST

MPC minutes flag inflation worry; aim to bring CPI within target band by Q4

CPI inflation was 7.04% in May. In its June policy review, the MPC raised repo rate by 50 bps to 4.9%, taking the total tally of rate hikes since May to 90 bps

MPC minutes flag inflation worry; aim to bring CPI within target band by Q4
Updated On : 22 Jun 2022 | 6:04 PM IST

Missing inflation mandate is a possibility: RBI's MPC member Jayanth Varma

'The markets should not assume we will guide them, because the data is coming without warning', said Varma

Missing inflation mandate is a possibility: RBI's MPC member Jayanth Varma
Updated On : 25 Apr 2022 | 6:10 AM IST

Russia-Ukraine conflict can hurt growth prospects too: MPC minutes

Policy making has to be nuanced and nimble, says RBI governor Shaktikanta Das

Russia-Ukraine conflict can hurt growth prospects too: MPC minutes
Updated On : 22 Apr 2022 | 11:55 PM IST

Uneven economic recovery nudged MPC to continue policy support: Minutes

The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10

Uneven economic recovery nudged MPC to continue policy support: Minutes
Updated On : 25 Feb 2022 | 12:10 AM IST

MPC minutes: Omicron may derail ongoing demand recovery, says RBI Governor

'Need to remain vigilant to incipient cost-push pressures to inflation as well as to uncertainty imparted by Omicron. Its implication for inflation, going forward, are two-fold,' says Shaktikanta Das

MPC minutes: Omicron may derail ongoing demand recovery, says RBI Governor
Updated On : 22 Dec 2021 | 6:47 PM IST