In a no surprise move, monetary policy maintained a status-quo on policy rates and stance By Ms. Achala Jethmalani, RBL Bank
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Below Quote On Monetary Policy By Ms. Achala Jethmalani Economist at RBL Bank
“In a no surprise move, monetary policy maintained a status-quo on policy rates and stance. It remains in a ‘wait & watch’ mode and vigilant on inflation trajectory. We expect a pause on policy rates through CY2023 while modulating system liquidity. The window for policy pivot to rate cuts could open-up in 1H CY2024, if inflation trajectory warrants given that growth remains robust.”
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