Page 11 - Repo Rate
MPC lowers projection for inflation, raises growth outlook a bit in FY24
Volatility in global financial market has potential upsides for imported inflation, says committee
 "MPC lowers projection for inflation, raises growth outlook a bit in FY24")
As RBI keeps repo rate unchanged, here's a timeline of it since June 2000
The standing deposit facility rate and the marginal standing facility rate also remained unchanged
No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022
RBI governor makes it clear that if required, MPC could hike rates in future meetings
 "No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022")
RBI monetary policy: MPC votes for pause, keeps repo rate unchanged at 6.5%
RBI repo rate: The MPC decision to hit the pause is for this policy cycle only, says RBI governor Shaktikanta Das
 "RBI monetary policy: MPC votes for pause, keeps repo rate unchanged at 6.5%")
RBI repo rate decision: When and where to watch speech of governor Das
RBI Monetary Policy decision: The speech can be watched on RBI's YouTube channel. It will be broadcast on PIB's YouTube channel as well
Realtors worried about likelihood of another repo rate hike by RBI
Borrowing costs for both developers and homebuyers will rise, leading to higher housing prices on the one hand, and diminished demand from buyers on the other
 "Realtors worried about likelihood of another repo rate hike by RBI")
Private banks slower than public sector banks in raising interest rates
The hike in lending rates of all scheduled commercial banks on outstanding loans since May 2022 has been only 95 bps
 "Private banks slower than public sector banks in raising interest rates")
Make part-prepayments to cut home loan tenor, but don't use retirement fund
Another option is to switch to another lender who is willing to refinance at a lower rate
 "Make part-prepayments to cut home loan tenor, but don't use retirement fund")
Unfinished battle
RBI will need to do more to contain inflation
 "Unfinished battle")
MPC may raise rate by another 25 bps as inflation woes persist: BS Poll
All eyes on policy stance, pause signal
 "MPC may raise rate by another 25 bps as inflation woes persist: BS Poll")
Credai urges RBI not to hike repo rates, rise may hit housing sales
Realtors' apex body Credai on Thursday requested the RBI not to increase the repo rate in the upcoming monetary policy as this would raise the borrowing cost of builders and customers, impacting housing sales. With retail inflation remaining above the comfort level of 6 per cent and most global peers, including the US Fed, continuing their hawkish stance, industry experts feel the Reserve Bank of India may go in for a 25 basis points hike in the bi-monthly monetary policy to be announced on April 6. Confederation of Real Estate Developers' Association of India (Credai), having more than 13,000 developers as members, has "urged the RBI to not to increase the repo rate any further, citing the financial challenges faced by developers and the potential impact on housing sales due to the consequential rise in prices and home loan rates". In the last one year, the body said, the repo rate has increased from 4 to 6.5 per cent and another hike would lead to even higher borrowing costs for .
 "Credai urges RBI not to hike repo rates, rise may hit housing sales")
MPC should raise rates by 25 bps next week: Economists tell RBI
Current dynamics warrant hike, but central bank should keep liquidity stance flexible
 "MPC should raise rates by 25 bps next week: Economists tell RBI")
Central bank may pause repo rate hike next month, finds SBI Report
RBI is likely to apply the pause button on continuous hikes in repo rates during next week's meeting of its monetary policy committee (MPC), says a report by the SBI research wing
 "Central bank may pause repo rate hike next month, finds SBI Report")
RBI to hold five-day variable rate repo auction worth Rs 75k cr on March 24
The RBI conducts repo operations in order to infuse liquidity into the banking system
 "RBI to hold five-day variable rate repo auction worth Rs 75k cr on March 24")
Rate transmission better in easing cycle than tightening period
Experts said, generally, in an easing cycle banks tend to reduce the interest rates on deposits faster than on loans to protect their margins
 "Rate transmission better in easing cycle than tightening period")
US banking crisis: Key interest rates suggest RBI may go slow on tightening
The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB
25 or 50 basis points will depend on coming economic data: Powell
January US job openings dip, but still high at 10.8 million
 "25 or 50 basis points will depend on coming economic data: Powell")
Lanka's central bank raises interest rates in anticipation of IMF bailout
Central bank Governor P Nandalal Weerasinghe said with the rate increase all "prior actions" have been fulfilled and he was hopeful of the IMF bailout being approved within this month
 "Lanka's central bank raises interest rates in anticipation of IMF bailout")
US Federal Reserve may hike policy rates to 6%: BofA Global Research
Strong US consumer demand and a tight labour market would force the central bank to battle inflation for longer
 "US Federal Reserve may hike policy rates to 6%: BofA Global Research")
Central banks, including RBI, may raise interest rates to combat inflation
ECB President Christine Lagarde has already said the bank till hike rates, if needed
