Perspective on the MPC Announcement by Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Capital Asset Management Ltd
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Below the Perspective on the MPC Announcement by Mr. Piyush Baranwal, Sr. Fund Manager (Fixed Income), WhiteOak Capital Asset Management Ltd
‘Don’t worry. Don’t hurry. Trust the process’ seems to be the message from today’s monetary policy as RBI remains on hold awaiting confirmation that inflation monster has been truly vanquished. The subtext of the policy can be deemed as dovish as 2 MPC members voted for rate cut vs. 1 earlier, setting the stage for a likely rate cut in the later part of CY’24. Bond market is likely to now take their cues from the upcoming budget and would watch out for any risk to fiscal discipline in the wake of weaker than expected election outcome.
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