Quote on Monetary Policy Committee Announcement from Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Company.
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Below the Quote on Monetary Policy Committee Announcement from Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Company
The MPC kept rates unchanged and maintained the withdrawal of accommodation stance. The resilient growth and low inflation has made it possible to hold rates at the present level. The Governor mentioned that input costs and food inflation are still high and could pose risks to upside. On the whole, it is expected that MPC will keep rates on hold for another couple of quarters.
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