Perspective on RBI`s MPC announcement by Mr. Nish Bhatt, Millwood Kane International
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Below is Perspective on RBI`s MPC announcement by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
The central bank keeping the key rates and policy stance unchanged is on expected lines. It is the right move as it will help sustain growth as the economy battles the challenges posed by the latest wave of the pandemic. The market has clearly cheered the RBI policy, the central bank has shown no sign of nervousness with regard to the government's borrowing program.
The central bank viewing the current inflation as transitory indicates easy monetary policy for a longer period of time. Elevated crude prices and the new variant of COVID19 remain a key risk to growth going forward.”
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