Monetary Policy Committee: RBI’s MPC unlikely to announce a change in repo rate, according to an ET poll

Monetary Policy Committee: RBI’s MPC unlikely to announce a change in repo rate, according to an ET poll

The Reserve Bank of India (RBI) is likely to keep interest rates unchanged this week as high food prices prevent any tilt toward softer policy, but easing core inflation and a global turn toward lower borrowing costs could make a case for the central bank to shift to a neutral stance in the next quarter … Read more

Modi-led NDA govt should focus on raising farm productivity and improving supply chain: Ashima Goyal

Modi-led NDA govt should focus on raising farm productivity and improving supply chain: Ashima Goyal

RBI’s monetary policy committee member Ashima Goyal has said the Prime Minister Narendra Modi led-NDA government in its third term should focus on raising farm productivity and improving supply chain to reduce volatility in food prices. Goyal further said the prospects for robust growth and falling inflation continue with the return of a stable conservative … Read more

BoE inches closer to rate cut as second policymaker backs easing

BoE inches closer to rate cut as second policymaker backs easing

The Bank of England (BoE) moved closer to cutting interest rates from a 16-year high after a second policymaker voted for lower borrowing costs and Governor Andrew Bailey said he was “optimistic that things are moving in the right direction.” Deputy Governor Dave Ramsden joined external member Swati Dhingra in calling for an immediate cut … Read more

economic growth: Robust govt capex, improvement in business confidence to push growth: Official

economic growth: Robust govt capex, improvement in business confidence to push growth: Official

Robust capital expenditure by the government and improvement in business confidence will push the country’s economic growth in 2024-25, an official said on Tuesday. Chief Economic Adviser in the Ministry of Rural Development Kuntal Sensarma said that the focus areas in 2024-25 should be infrastructure growth, inclusive development and harnessing demographic dividend, among others. “The … Read more

Food inflation on mind, RBI holds interest rates steady

Food inflation on mind, RBI holds interest rates steady

Mumbai: The Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the seventh straight review meeting citing an uncertain food prices trajectory and the elbow room provided by robust economic growth, thus pushing back the start of a much-anticipated rate easing cycle while extending a status quo to at … Read more

Real interest rates above 2% may not be sustainable from growth perspective: Shashanka Bhide

Real interest rates above 2% may not be sustainable from growth perspective: Shashanka Bhide

Durable, high GDP growth requires inflation to be under control but real interest rates above 2% may not be sustainable when it comes to supporting the growth needs of the Indian economy, said Shashanka Bhide, member of the Monetary Policy Committee of the Reserve Bank of India. If one goes by the MPC’s projection of … Read more

RBI: Effective rates now largely higher than repo rate

RBI: Effective rates now largely higher than repo rate

Mumbai: The Monetary Policy Committee has not officially raised interest rates for a year, but its novel stance of “focussing on withdrawal of accommodation” has led to much tighter financial conditions than the traditional rate hike stance of “calibrated tightening”, effectively delivering a rate hike without touching the policy rate. An analysis of the weighted … Read more

RBI MPC Meet: RBI MPC Meet: Interest rates expected to hold steady, possible shift to neutral stance amid tight liquidity conditions

RBI MPC Meet: RBI MPC Meet: Interest rates expected to hold steady, possible shift to neutral stance amid tight liquidity conditions

Mumbai: RBI is likely to keep interest rates unchanged after its monetary policy review this week as it battles inflation, said respondents in an ET poll, but some of them said a fiscally prudent interim budget and signs of global monetary easing may prompt the central bank to soften its communication on tight liquidity conditions … Read more

RBI MPC Meet: RBI unlikely to change interest rates

RBI MPC Meet: RBI unlikely to change interest rates

Mumbai: RBI is likely to keep interest rates unchanged after its monetary policy review this week as it battles inflation, said respondents in an ET poll, but some of them said a fiscally prudent interim budget and signs of global monetary easing may prompt the central bank to soften its communication on tight liquidity conditions … Read more

Reserve Bank: RBI continues battle against inflation; all eyes on possible rate cut in 2024

Reserve Bank: RBI continues battle against inflation; all eyes on possible rate cut in 2024

For five consecutive policy reviews in 2023, the Reserve Bank of India (RBI) chose to hold rates, citing inflation threat. And when the prices did cool off a bit, it reminded all about the target to get the headline consumer price inflation at 4 per cent and the risks from food inflation. Heading into the … Read more