Quote on Monetary policy by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Monetary policy by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance
The Monetary Policy Committee has finally changed the stance of the Monetary Policy to “neutral” from withdrawal of accommodation” with all members voting for it. This has been expected by the markets for a very long time. The Governor has however cautioned that there may not be a rate cut in the following policy. It just increases the flexibility of the MPC to cut the rates and also monitor the situation both national (inflation and growth) and international (geopolitical tensions, US elections and Federal Reserve decisions). The Governor has also kept the growth rate intact at 7.2% for FY25 and the inflation target at 4.5%. The 10 yr G-sec yields have softened by 7bps to 6.74% on this news. On the whole the Policy was a very balanced one and one can expect a rate cut in the near future.
Above views are of the author and not of the website kindly read disclaimer
.jpg)
