Page 10 - Mpc

MPC won't cut repo rate anytime soon, not before US Fed, says experts

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will not revise downwards the repo rate anytime soon and that too not ahead of the US Federal Reserve, said economists

Run-up to monetary policy review: Expected pause, surprise on stance?

A change in stance could be inferred by the markets as a definite sign of rates peaking

A long pause

Central bank communication will be crucial

Top Headlines: Approval likely for GST tribunal, S Arabia cuts oil output

Business Standard brings you top headlines at this hour

RBI may maintain pause on interest rate as inflation declines: Experts

The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8. After the last MPC meeting in April, the RBI paused its rate hike cycle and stayed with the 6.5 per cent repo rate. Prior to that the central bank had cumulatively hiked the repo rate by 250 basis points since May 2022 in a bid to contain inflation. The MPC is meeting in the backdrop of consumer price-based (CPI) inflation declining to an 18-month low of 4.7 per cent in April. The Reserve Bank governor recently indicated that the May print would be lower than the April number

RBI-MPC may lower inflation forecast marginally: BoB Chief Economist

The consumer price index (CPI) inflation moderated in April-23 to 4.70 per cent year-on-year (YoY) and remained within the RBI's target range (2-6 per cent) for the second consecutive month

Realistic assessment

Focus on improving growth prospects

Top Headlines: RIL logs highest ever profit, Pichai's pay soars and more

Business Standard brings you top headlines at this hour

No hike needed if inflation within tolerance band: MPC member Ashima Goyal

In a Q&A, she explains why the rate setting panel's current focus should be to bring down inflation

Impact of MPC decisions to show in 4-5 quarters, says Shashanka Bhide

'The rate hikes started in May 2022 and cumulatively there is a significant increase in policy rate (250 basis points)'

Top headlines: MPC meet, Tim Cook in India & end of free Twitter blue tick

Business Standard brings you top headlines at this hour

When inflation gets closer to 4%, focus can shift to growth: Jayanth Varma

'Lot of high frequency indicators are showing some signs of slowing'

Minutes of April MPC meeting: Members split on economic growth prospects

All the members unanimously agreed to keep the repo rate unchanged at 6.5% in the April review. Between May 2022 and February 2023, the policy repo rate was increased by 250 bps

Start locking into best available FD rates; invest across tenures

By laddering across various tenures, you can ensure a regular flow of funds and maintain liquidity

When the randomness of monetary policy reminds one of a game of Ludo

The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan

India's March retail inflation eases to 5.66%, lowest since December 2021

According to govt data, urban inflation in March was 5.89%, while rural inflation was 5.51%

Holistic management

Govt needed an ambitious fiscal road map

It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo

Lowers inflation forecast, ups growth projection; bond prices, Rate sensitive stocks rally

A prudent comma, not a myopic full stop!

The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"

Necessary to assess cumulative impact of action taken so far: RBI

"It is now necessary to assess the cumulative impact of our action taken so far"