Monetary Policy - Quote By Suman Bannerjee, Hedonova
Below quote On Monetary Policy - Quote Suman Bannerjee, CIO, Hedonova
A lower repo rate provides banks cheaper credit when it is passed on to the customers which in turn stimulates the GDP but causes inflation to trend higher. I think it's a wise choice to leave the repo rate unchanged. The rupee is still weak against the dollar and inflation is above 4%. 2023 GDP will come in lower than 2022 but taming inflation more is the need of the hour.
Above views are of the author and not of the website kindly read disclaimer