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View on Monetary policy June 2023 By G. Pradeepkumar , Union Asset Management Company
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Below View on Monetary policy (June, 2023) by G. Pradeepkumar is the CEO of Union Asset Management Company
“The MPC decisions were on expected lines with the policy rate unchanged at 6.5%, on the back of a resilient economy and moderating inflation. Although there is no change in growth projections of 6.5% the inflation projection was marginally lowered to 5.1% from 5.2% in the last policy. MPC to remain cautious on the inflationary trajectory as it remains above the 4% target. We expect a prolonged pause hereon and a cut in the policy rate in Q4 of FY23-24 as the inflationary pressures further moderate toward the target. Global risks and monsoon remain key uncertainties.."
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