Monetary Policy - Quote By Suman Bannerjee, Hedonova
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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
Top News
Dalmia Bharat moves up as its arm emerges as highest bidder for two coal blocks in Jharkhand
Tag News
Monthly Debt Market Update, September 2023: CareEdge Ratings
More News
August 2022 inflation was slightly higher and July 2022 IIP growth was marginally lower than...
