Perspective on RBI monetary policy By Mr. Nish Bhatt, Millwood Kane International
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Below is Perspective on RBI monetary policy By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International.
“The RBI has yet again hiked rates, this was the second hike in two consecutive months - rarely has the central bank been so aggressive on rates. While the quantum of hike in repo rate was on the upper end of the market expectation. The RBI moving its focus to the withdrawal of accommodative policy signals the end of easy monetary policy.
The RBI estimate of inflation above the 6% mark for FY23 will not pinch much provided the growth rate is high to square that off. The hike in limit for loans for state and rural co-operative banks for residential and commercial real estate is yet another step to boost funding avenues for the real estate sector. It will ensure liquidity and funding for the sector, thereby boosting demand in the rural pockets of the country.”
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