Expectations on Monetary Policy Committee by Suman Bannerjee, CIO, Hedonova
Below the Expectations on Monetary Policy Committee by Suman Bannerjee, CIO, Hedonova
Amid persistent inflationary pressures, particularly due to rising food prices, the Reserve Bank of India (RBI) is expected to maintain the current benchmark rate. This cautious approach is designed to balance economic growth with price stability. By holding the rate steady, the RBI aims to mitigate inflation without stifling economic momentum. Rising food prices have been a significant contributor to inflation, prompting the central bank to adopt a wait-and-watch strategy. This decision underscores the RBI's commitment to ensuring long-term price stability while fostering a conducive environment for sustainable economic growth.
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