View on RBI Pre-Monetary Policy December 2021 By Shanti Ekambaram, Kotak Mahindra Bank Ltd
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Below are View on RBI Pre-Monetary Policy December 2021 by Shanti Ekambaram, Group President - Consumer Banking, Kotak Mahindra Bank Ltd
“With the economy on an upswing, led by a surge in consumer demand and ample liquidity, it was expected that the MPC would opt for gradual withdrawal of excess liquidity and a change in its accommodative stance in the December policy. However, the looming threat of Omicron and the uncertainty that it has set in motion means that it is now likely that the committee will keep key rates unchanged. A move on the reverse repo rate, which was largely expected in December, will now be postponed to the next calendar year.”
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