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Perspective on RBI Monetary Policy Committee Announcement by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on RBI Monetary Policy Committee Announcement by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
"The RBI has maintained the policy of "withdrawal of accommodation" and kept repo rates at 6.5% for the ninth time in a row, its second longest pause in the last 25 years. Nonetheless, the RBI MPC's decision to maintain the policy rate is in line with expectations. The decision demonstrates that the MPC is keeping its primary emphasis on inflation in order to foster continued economic growth, even in the face of increased global macroeconomic uncertainties and volatility in the food prices. It shows that RBI will maintain a cautious approach until the MPC is certain that inflation will drop and approach the 4% target."
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