Quote on Monetary Policy by Deepthi Mathew, Geojit Financial Services
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Below is quote on Monetary Policy by Deepthi Mathew, Economist at Geojit Financial Services.
"In an expected move, MPC kept the rates unchanged and continued with the accommodative stance. Though the MPC voted unanimously to keep the rates unchanged, votes for the continuance of accommodative stance were at 5:1. It shows that the inflation debate is getting more prominent. The forecast of inflation rate for FY22 was revised upwards to 5.7 per cent from 5.1 per cent announced earlier. RBI's assurance to conduct OMOs when needed would help to keep the bond yields in check"
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