Rate hikes could peak out at a max repo rate of 7% By Mr Karan Desai, Interface Ventures
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Below Quote on Monetary Policy Committee meet By Mr Karan Desai, Founder- Interface Ventures
"With Consumer Price Inflation (CPI) staying doggedly over the 6% tolerance threshold of the central bank for January (6.52%) and February 2023 (6.44%), the RBI could consider hiking rates marginally by another 25 bps in the MPC tomorrow. This would take the repo rate to 6.75% in a bid to cool down inflationary pressure in the economy, unleashed post hardening of commodity prices due to the Russia Ukraine war. Rate hikes could peak out at a max repo rate of 7% in later quarters of FY 23-34 depending on how quickly the CPI comes below 6%."
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