Published on 6/12/2017 4:19:00 PM | Source: Investmentguruindia.com

RBI`s 2H inflation has been revised marginally higher by 10bps to 4.3-4.7% - Kotak Mahindra Bank

Posted in | #Kotak Mahindra Bank Ltd #RBI #Banking Sector #Inflation #Expert Views #Monetary policy


Below Is The View On monetary policy announcement by Upasna Bhardwaj  Economist, Kotak Mahindra Bank

 

“RBI’s policy was in line with expectations, maintaining a word of caution on the upside risks emanating from high commodity prices, global financial instability, HRA related increases, rising input costs and fiscal slippages. RBI’s 2H inflation has been revised marginally higher by 10bps to 4.3-4.7% even as they retained the GVA forecast of 6.7% as against our expectation of 6.5%. Given that MPC members are fixated with anchoring 4% inflation target and the upside risks emanating from higher oil prices, higher rural real wages, sticky core inflation and mean reversion of food prices, we find limited room for any further monetary accommodation this year.”

 

 

Above views are of the author and not of the website kindly read disclaimer