Perspective on MPC Announcement by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on MPC Announcement by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
"For the 8th consecutive time the RBI has left policy rates unchanged. Further, the central bank continued with its stance of 'withdrawal of accommodation'. This decision of RBI MPC to leave policy rate unchanged is on expected lines.
On inflation front, while forecast for good monsoon is expected to improve Kharif output. But the Central Bank concerns on the uncertainties surrounding High Food Inflation and Crude Oil movements needs to be monitored as it can have adverse impact on household inflationary expectations.
As stated by RBI Governor, any further measures will be decided by keeping an eye on regional variables and the movement of advanced economies where we already seeing some rate cut actions by Central Banks in England and Canada. Fed may follow soon. And, we will probably also see RBI decreasing rate between 50 and 75 basis points in H2 FY25.”
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